_(St_Edwards_Crown).svg) | |
| Presented | Wednesday 3 March 2021 |
|---|---|
| Parliament | 58th |
| Party | Conservative Party |
| Chancellor | Rishi Sunak |
| Total revenue | £819 billion |
| Total expenditures | £1.053 trillion |
| Deficit | £234 billion |
| Website | Budget 2021 |
The March 2021 United Kingdom budget, officially known as Protecting the Jobs and Livelihoods of the British People was a budget delivered by Rishi Sunak, the Chancellor of the Exchequer in March 2021.[1] It was expected to be delivered in autumn 2020, but was postponed because of the COVID-19 pandemic.[2][3][4] It succeeds the budget held in March 2020, and the summer statement and Winter Economy Plan held in summer and autumn 2020, respectively. The budget is the second under Boris Johnson's government, also the second to be delivered by Sunak and the second since Britain's withdrawal from the European Union. The budget was the first for government expenditure in the United Kingdom to exceed £1 trillion[citation needed].
It was confirmed on the previous day that the Coronavirus Job Retention Scheme and the Self Employment Income Support Scheme had been extended to 30 September 2021.[5]
- ^ "Chancellor Rishi Sunak reveals date of next Budget". BBC News. 17 December 2020. Retrieved 17 December 2020.
- ^ "BUDGET 2020: Delivering on our promises to the British people" (PDF). HM Treasury. 11 March 2020. Retrieved 11 March 2020.
- ^ "Sunak pumps billions into economy to combat virus". BBC News. 11 March 2020. Retrieved 11 March 2020.
- ^ "Covid crisis forces Autumn Budget to be scrapped". BBC News. 23 September 2020. Retrieved 23 September 2020.
- ^ "Furlough support scheme to be extended in Budget until September". BBC News. 2 March 2021. Retrieved 2 March 2021.