Protecting jobs and livelihoods of the British People - The Budget at a glance
Executive Summary
Rishi Sunak’s budget follows a year of extraordinary economic challenge as a result of the ongoing COVID-19 pandemic. Like that of many other countries, the UK’s economy has been hit hard, with both the direct effects of the virus and the measures necessary to control it leading to an unprecedented fall in output and higher unemployment.
In the face of this threat, the government acted swiftly to provide support to protect businesses, individuals and public services across the UK, adapting its economic response as the pandemic evolved. Thanks to people’s hard work and sacrifice, supported by the success of the initial stages of the vaccine rollout, there is now a path to the reopening of the economy.
The Budget sets out how the government will extend its economic support to reflect the cautious easing of social distancing rules and the reopening of the economy in the government’s roadmap.1 Support in the Budget reflects the easing of restrictions to enable the private sector to bounce back as quickly as possible.
As the economy reopens, the Budget sets out the steps the government is taking to support the recovery, ensuring the economy can build back better, with radical new incentives for business investment and help for businesses to attract the capital, ideas and talent to grow.
Boris Johnson’s Roadmap Announced
On 22nd February 2021, the Prime Minister announced the lockdown ‘roadmap’ that should bring England out of Lockdown. His announcement was filled with a certain amount of trepidation and caution, making it clear that there’s still quite a way to go before resuming “normal” lives.
Key Dates
8th of March: All schools reopen for all age groups. However, work-from-home guidance stays the same.
Moving towards the longest day - 21st June 2021
As the Prime Minister announced the roadmap towards relaxing the restrictions of lockdown, it felt as though there were a universal cautious sense of relief about what could, should or would happen next. Airlines reported a spike in bookings, hotel rooms begin to sell out and festival organisers website’s crashed.
Prime Minister's address to the nation as Third Lockdown for England is announced
The Transcript of the Prime Minister’s Speech made this evening at 8pm is as follows:-
Since the pandemic began last year, the whole United Kingdom has been engaged in a great national effort to fight Covid.
And there is no doubt that in fighting the old variant of the virus, our collective efforts were working and would have continued to work.
But we now have a new variant of the virus. It has been both frustrating and alarming to see the speed with which the new variant is spreading.
Our scientists have confirmed this new variant is between 50 and 70 per cent more transmissible – that means you are much, much more likely to catch the virus and to pass it on.
As I speak to you tonight, our hospitals are under more pressure from Covid than at any time since the start of the pandemic.
In England alone, the number of Covid patients in hospitals has increased by nearly a third in the last week, to almost 27,000.
That number is 40 per cent higher than the first peak in April.