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What did we learn from the chancellor’s press conference?
Rishi Sunak’s media briefing came after his Budget speech today.
He began by saying he wants to be “honest about the problems we face”, and said and it will take “a long time” to recover from the coronavirus pandemic.
He repeated the headline policies from the Budget:
Continued support for the economy during the pandemic: the furlough scheme, help for the self-employed, business rates relief, and other grants for business
A freeze in the income tax standard and higher rate thresholds, and, from 2023, a corporation tax increase to 25%
Investment in infrastructure and skills, across the UK
In response to questions from journalists, Mr Sunak said:
He thought the government has a responsibility to control public borrowing after the time
He promised that no one’s current take home pay will be affected by the freezing of the income tax thresholds
Despite the proposed increase, the UK’s corporation tax will be lower than in many of its competitors. Mr Sunak insisted the government was “on the side of businesses” but said the pandemic had made some tax rises necessary
The Budget is intended to allow for flexibility in the government’s roadmap for leaving lockdown in England
Watch the next briefing live on BBC iPlayer
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Covid-19 update UK today, Rishi Sunak. With BSL signing.
Coronavirus: Government Downing Street briefings | BBC News | BBC
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
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Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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In This Story: Lockdown
During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.
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In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.