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700,000 people have lost their jobs since pandemic began

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700,000 people have lost their jobs since pandemic began

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Incentives for firms to take on apprentices

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Incentives for firms to take on apprentices

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Unemployment expected to peak at 6.5% next year, lower than 11.9% previously predicted

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Unemployment expected to peak at 6.5% next year, lower than 11.9% previously predicted

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UK economy shrank by 10% in 2020Economy forecast to rebound in 2021, with predicted annual growth of 4% this year

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UK economy shrank by 10% in 2020Economy forecast to rebound in 2021, with predicted annual growth of 4% this year

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Furlough to be extended until the end of September

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Furlough to be extended until the end of September

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Aged 23 or over - £8.91 an hour

Aged 21-22 - £8.36 an hour

Aged 18-20 - £6.56 an hour

Aged 16-17 - £4.62 an hour

Apprentice - £4.30 an hour

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Economy forecast to return to pre-Covid levels by middle of 2022, with growth of 7.3% next year

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Economy forecast to return to pre-Covid levels by middle of 2022, with growth of 7.3% next year

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Contactless payment limit will rise to £100 

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Contactless payment limit will rise to £100 

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Corporation tax on company profits above £250,000 to rise from 19% to 25% in April 2023

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Corporation tax on company profits above £250,000 to rise from 19% to 25% in April 2023

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£1.65bn to support the UK's vaccination rollout and £50m to boost the UK's vaccine testing capability

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£1.65bn to support the UK's vaccination rollout and £50m to boost the UK's vaccine testing capability

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Tax breaks for firms to "unlock" £20bn worth of business investment

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Tax breaks for firms to "unlock" £20bn worth of business investment

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Firms will be able "deduct" investment costs from tax bills, reducing taxable profits by 130%

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UK to borrow a peacetime record of £355bn this year. Borrowing to total £234bn in 2021-22

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UK to borrow a peacetime record of £355bn this year. Borrowing to total £234bn in 2021-22

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£20 weekly uplift in Universal Credit worth £1,000 a year to be extended for another six months

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£20 weekly uplift in Universal Credit worth £1,000 a year to be extended for another six months

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and Working Tax Credit claimants will get £500 one-off payment

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Nearly £400m to help arts venues in England

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Nearly £400m to help arts venues in England

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New UK Infrastructure Bank to be set up in Leeds

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New UK Infrastructure Bank to be set up in Leeds

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It will have £12bn in capital, with aim of funding £40bn worth of public and private projects

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Tax-free personal allowance & higher rate income tax thresholds frozen to 2026

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Tax-free personal allowance & higher rate income tax thresholds frozen to 2026

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£1bn fund to promote regeneration in a further 45 English towns

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£1bn fund to promote regeneration in a further 45 English towns

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Tax-free personal allowance & higher rate income tax thresholds frozen to 2026

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Tax-free personal allowance & higher rate income tax thresholds frozen to 2026

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£1bn fund to promote regeneration in a further 45 English towns

# data[].attributes.subject
£1bn fund to promote regeneration in a further 45 English towns

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£1.65bn to support the UK's vaccination rollout and £50m to boost the UK's vaccine testing capability

# data[].attributes.subject
£1.65bn to support the UK's vaccination rollout and £50m to boost the UK's vaccine testing capability

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Tax breaks for firms to "unlock" £20bn worth of business investment

# data[].attributes.subject
Tax breaks for firms to "unlock" £20bn worth of business investment

# data[].attributes.body
Firms will be able "deduct" investment costs from tax bills, reducing taxable profits by 130%

# data[].attributes.headline
Corporation tax on company profits above £250,000 to rise from 19% to 25% in April 2023

# data[].attributes.subject
Corporation tax on company profits above £250,000 to rise from 19% to 25% in April 2023