Budget 2021: Five key points from the Autumn budget

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The Telegraph published this video item, entitled “Budget 2021: Five key points from the Autumn budget” – below is their description.

In his Budget speech this afternoon, the Chancellor said the Government would shake off previous rules that allowed ships flying any EU flag to receive preferential treatment, which he said “didn’t make sense for an independent nation”.

Instead, a new tonnage tax regime will reward vessels that fly the UK’s merchant shipping flag, known as the Red Ensign. Mr Sunak said: “That is entirely fitting for a country with such a proud maritime history as ours.”

It came amid a raft of spending plans, including a one-year reduction in business rates for retail and hospitality, cuts to alcohol taxes and an overhaul of air travel taxes.

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Read the fulls story here: https://www.telegraph.co.uk/business/2021/10/27/markets-ftse-pound-tax-national-insurance-budget-2021-live/

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About This Source - The Telegraph

The Daily Telegraph, known online as The Telegraph, is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as Daily Telegraph & Courier.

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