Budget 2021 LIVE – Rishi Sunak speech at 12.30pm today – all you need to know about furlough and self employment grants

RISHI Sunak will reveal extra help for 600,000 self employed people with grants of up to £7,500 and furlough is to be extended until September in his Budget statement today.

The Chancellor will reveal that hundreds of thousands of self-employed Brits, many of whom became self-employed in 2019-20, can now claim direct cash grants under the Self-Employment Income Support Scheme.

Previously they could only claim if they had filled in a recent tax return, which meant millions were shut out.

The Treasury has confirmed it will give a fourth grant of up to £7,500 to the self-employed. And a fifth one will come over the summer – in line with the furlough extension.

The Chancellor is also set to extend the stamp duty holiday as house prices rocketed 6.9 per cent year-on-year last month to a record high of £231,061 last month, new data shows.

£20 a week Universal Credit uplift in payments has also been extended for another six months for low income households.

The Budget is due to take place at around 12.30pm today, with Rishi Sunak making his speech immediately after Prime Minster’s Questions ends in the House of Commons.

You can watch the Budget here, live on this page, by clicking the video above and follow all the latest news, updates and analysis of what the Budget means for you on our live blog below…

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