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Manchester Evening News
Manchester Evening News
National
Helen Carter

When is Chancellor Rishi Sunak's Budget this week?

The 2021 Budget with Chancellor Rishi Sunak takes place this week.

He's expected to announce the UK’s coronavirus vaccine roll out will receive a £1.65 billion boost to help it meet the target of offering a dose to every adult by July 31.

The Chancellor will use his Budget on Wednesday to detail the plan for the new cash to aid the programme, which is a key factor in successfully easing lockdown restrictions.

Mr Sunak will also divert £22 million to fund a “world-first” trial to test if different vaccines can be used together, or if a third dose is effective, the Treasury said.

And he will begin to outline his vision for how the nation will reopen after the pandemic, with grants for hospitality firms who have been hardest hit by lockdown.

Chancellor Rishi Sunak will outline his Budget plans later this week (PA)

On Sunday, the Chancellor indicated he will extend emergency support packages, such as the furlough scheme due to expire at the end of April, as the coronavirus lockdown is unwound over the coming months.

But he said he must repair the public finances from the “enormous shock” of the pandemic with an “honest and fair” plan, with possible tax rises on the horizon.

He said that he must “level with people”, with Covid having had an “enormous hold on our economy” that will cause debt to “rise indefinitely” if borrowing continues after the recovery.

But signalling further support, he said he wants to “support people and businesses along that path” to ending restrictions steadily until June 21, as set out by Prime Minister Boris Johnson.

The Budget is scheduled to take place in the Commons on Wednesday afternoon after Prime Minister's Questions which begins at 12.30pm.

So it is likely to begin early afternoon.

We will bring you updates in a live blog on everything the Chancellor says in his Budget statement.

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