THE rumour mill is gathering pace with the Budget just days away. Chancellor Rishi Sunak is believed to be plotting a pensions raid and business tax hike alongside more support for workers and struggling families. The Budget will be held on Wednesday March 3. The Chancellor takes centre-stage as he outlines the government’s plans for tax hikes, cuts and things like changes to Universal Credit and the minimum wage. It is due to take place at around 12.30pm, once Prime Minster’s questions ends in the House of Commons. The update is likely to focus on the economic fallout from the coronavirus crisis. What is the Budget? THE Budget is when the government outlines its plans for tax hikes, cuts and things like changes to the minimum wage. It’s different to the Spending Review , which sets out how much public cash will go towards funding certain departments, devolved government’s and services, such as the NHS. The Budget is read out in the House of Commons by the Chancellor of the Exchequer. It will be Rishi Sunak’s second Budget as Chancellor. Mr Sunak’s first one in March last year has been dubbed the “coronavirus Budget” after it focused on supporting Brits… Read full this story
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