Budget2020 has seen Chancellor Rishi Sunak unveil a stimulus package aimed at protecting the UK economy in the face of coronavirus - but how much will the extra measures cost? EdConwaySky takes a look at the latest figures. Read more here:
£6bn in new money for the NHS over this Parliament - separate to emergency fund.
Government to meet cost of providing statutory sick pay for up to 14 days for workers in firms with up to 250 employees.Loans available to help small and medium-sized businesses. Business rates abolished for retail, leisure or hospitality business with a rateable value below £51,000.Fuel, beer, wine and spirit duties all frozen to help a"thriving" private sectorNational Insurance threshold to rise from £8,632 to £9,500 saving a typical employee £104 annually.
£640m extra for the Scottish Government, £360m for the Welsh Government, and £210m for the Northern Ireland Executive. Plastics packaging tax will charge manufactures and importers £200 per tonne on packaging made of less than 30% of recycled plastic.Levy on electricity frozen from April 2022 in favour of rise on gas.£1bn building safety fund to remove unsafe cladding from buildings above 18 metres tall following Grenfell fire and affordable homes programme extended.Funding for up to 19 Maths schools on top of existing spending boost for education.
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