BRITAIN is set for the biggest Budget splurge in 65 years as Rishi Sunak today revealed a massive spending spree.
The new Chancellor announced a range of measures to help rebuild Britain’s crumbling infrastructure, fight off the coronavirus, and keep more money in the pockets of workers.
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Mr Sunak also set out a package of vote winning changes – including a freeze on ALL booze duties, confirmed a National Insurance tax cut, more help for veterans and a £230m boost to flood defences.
The main announcement was a £30billion coronavirus rescue plan, including a shake-up of sick pay and huge tax cuts to help business.
The ground-breaking Budget includes plans to scrap business rates for businesses for a year, a fresh loan scheme to help small firms, and new help for people to claim benefits help from day one.
Brits will be able to get sick pay if they have to stay at home, and can also get a doctors’ note through NHS111 instead of a GP.
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Other announcements included sweeping changes to infrastructure, with £510 million on 4g for 95 per cent of the country, £27billion for roads, and £12.2 billion on affordable homes.
The National Living Wage will rise to £10.50 by 2024, and the tampon tax was finally scrapped.
Fuel Duty was frozen for a tenth year in a row, while 31 million Brits were handed a tax cut worth an average of more than £100 by increasing the National Insurance threshold.
The Government raised National Insurance Contributions (NICs) from £8,632 to £9,500, giving some much needed relief to millions.
It marks a huge departure from the decade of austerity under the Conservatives which saw a tightening of budgets and cuts made across the board.
The vast array of nationwide projects will start delivering on the PM’s election promise to level up struggling parts of the country, he told MPs this afternoon.
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