CHANCELLOR Rishi Sunak will unveil his second budget of the year tomorrow, with economic plans that will take us through the winter.
One measure will be to increase the minimum wage to £9.50 an hour this week, giving a pay rise for millions of Brits in his budget.
The Chancellor is also set to unfreeze sector pay on teachers, civil servants and police wages.
It is also expected that he will ditch a 2.84p budget hike in fuel duty — a win for The Sun's Keep It Down campaign.
Read our 2021 Budget blog below for the latest news and updates…
- Louis Allwood
'A stronger economy for the British people'
Rishi Sunak has made it very clear in his most recent tweet that his aim for this budget is to make 'A stronger economy for the British people.'
Throughout the past year the economy has been trying to recover from the damages caused during the pandemic.
It seems Rishi is planning to rebuild the economy and come back stronger.
- Louis Allwood
£3billion in training thousands of British workers for better-paid jobs
RISHI Sunak will launch a £3billion skills revolution to train thousands of British workers for better-paid jobs.
The Chancellor will use his Budget to build a high-wage economy and “level up” across the UK.
He will take action to turbo-charge post-16 education to give everyone the chance find jobs and earn more.
It will include free, personal maths coaching for 500,000 adults who failed to make the grade at school.
Extra funds will also be pumped into modern apprenticeships, skills bootcamps and new T-level technical courses for teenagers.
- Louis Allwood
Online shoppers could be hit with 2% sales tax
ONLINE shoppers could be hit with a 2% sales tax under news plans in the Autumn Budget.
It's being dubbed the "Amazon tax" as the purpose is to level the playing field between big corporations and high street retailers.
Most shoppers flocked to online retailers during the pandemic with many physical stores forced to close their doors during lockdowns.
Now that things are beginning to return to normal with schemes like furlough having come to an end, along with a number of other benefit uplifts, the government could be considering a review of business rates.
It could mean shoppers will have to fork out more for goods if bosses have to hike up prices to cover the tax outgoings.
- Louis Allwood
MPs urge Rishi Sunak to cut beer duty in Budget to save pubs
MORE than 100 Tory MPs are urging Rishi Sunak to slash beer duty in pubs in next week’s Budget to help save British boozers.
They have written to the Chancellor to plead with him to cut “keg tax” amid fears too many locals are going under.
Bars are struggling to compete with cheap alcohol sold in supermarkets.
Drinkers have to pay around £1 in tax for every pint of beer in a pub — the highest rate in Europe.
The Long Live the Local campaign revealed 1,000 UK pubs shut in the first half of 2021 alone — the equivalent of five a day.
Red Wall MP Richard Holden has written the letter to the Treasury — co-signed by 102 MPs.
- Louis Allwood
Chancellor urged to scrap VAT on heating bills
THE Chancellor has been urged to give everyone a winter warmer in his Budget by scrapping VAT on domestic heating bills.
Millions are feeling the pinch as rising inflation and energy costs stretch the family finances.
Labour last night challenged Rishi Sunak to remove the five per cent charge for six months from November 1 to help ease pressure on household budgets.
It would save the average consumer about £38. The estimated £1billion cost could be paid for using the extra VAT cash coming in as a result of rising prices.
- Louis Allwood
£700million to boost sports facilities
THE Chancellor will unveil £700 million at next week’s Budget for 8,000 new sports pitches and sports clubhouses, The Sun can reveal.
The cash will go towards hundreds of new pitches as well refurbishing tatty old ones to state of the art levels.
Up to 300 youth facilities, which could include scout huts, youth centres and activity centres, will also be built or refurbished in the most deprived areas,
Last week the Chancellor told The Sun: “We’re backing the next generation of Ward-Prowses and Raducanus, not just sporting stars, but inspiring young leaders."
Culture Secretary Nadine Dorries added: "This £700 million investment is a down payment on our commitment to open doors for those who have been shut out."
- Louis Allwood
How much extra will I get per year?
Under the hikes, Brits on minimum wage will get an extra 59p per hour.
That's an extra £20.65 per week – which works out at an extra £1,073.80 per year.
Young people and apprentices will also see their wages boosted as the National Minimum Wage for people aged 21-22 goes up to £9.18 an hour from £8.36, and Apprentice Rate increases to £4.81 an hour from £4.30.
- Louis Allwood
You won't be entitled to minimum wage if you are:
- Self-employed
- Under 16
- Living and working with a family and not paying for accommodation or meals
- In the armed forces
- Trainees and interns – although they have a different minimum wage rate in most cases
- Some farm workers
- Volunteers or those on work experience
Who will get a minimum wage rise?
Workers who are on the minimum wage rate will get the extra money.
It is the very lowest rate of pay you should be getting paid – but there are exceptions.
Many workers in retail and hospitality will often be paid minimum wage rates – although some companies offer more than this.
For example, Sainsbury's and Morrisons are both offering above minimum wage as the supermarkets look to hire thousands of Christmas temps.
- Louis Allwood
£1000 a year boost to wages in Budget
RISHI Sunak will hike the minimum wage to £9.50 an hour this week, giving a pay rise for millions of Brits.
The Chancellor is also set to unfreeze sector pay on teachers, civil servants and police wages.
The Sun reported yesterday wages were set to rise from the current £8.91.
It means two million on the current wages will get a £1,000 annual increase for a 35-hour week from next year.
- Louis Allwood
Rishi Sunak WON’T increase fuel duty
Soaring petrol prices have forced Chancellor Rishi Sunak to ditch a 2.84p budget hike in fuel duty.
The average forecourt price per litre hit a record 142.94p on Sunday, with soaring oil prices and retailers blamed for hiking prices.
MPs say they have been privately assured by the Treasury that the scheduled 4.9 per cent rise for 2022 will not go ahead.
In a major victory for The Sun’s “Keep It Down” Campaign, the duty will be frozen for the second time this year.
- Louis Allwood
Chancellor Rishi Sunak will unveil his second budget in a year tomorrow
CHANCELLOR Rishi Sunak will unveil his second budget of the year tomorrow, with economic plans that will take us through the winter.
Two key factors that Brits can expect will be no increase in fuel duty as well as £1,000 a year boost to wages.
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