Rishi Sunak has had to make some tough decisions in this year's Budget as he balances tackling the health crisis with securing an economic recovery.

Key commercial headlines include:

• No changes to rates of income tax, national insurance or VAT
• Personal income tax allowance to be frozen at £12,570 from April 2022 to 2026
• Higher rate income tax threshold to be frozen at £50,270 from 2022 to 2026
• Corporation tax on company profits to rise from 19% to 25% in April 2023 - the rate to be kept at 19%for about 1.5 million smaller companies with profits of less than £50,000
• Stamp Duty holiday on house purchases in England and Northern Ireland extended to June, with no tax liability on sales of less than £500,000
• New Government-backed house  purchasing scheme allowing 5% deposit - the government to underwrite 95% loans
• No changes to Inheritance Tax or Lifetime Pension Allowance or Capital Gains Tax allowances
• Furlough to be extended until the end of September - Employers to be asked to contribute 10% in July and 20% in August and September

Read more and see what The Openwork Partnership's Chief Investment Officer, Robert Jeffree at Omnis has to say, in their Budget 2021 Overview below.

 Budget 2021 Highlights.pdf