As it happened: Budget 2021


Rishi Sunak is delivering his second Budget as the rollout of the coronavirus vaccine across the UK gives hope of a return to some degree of normality during 2021.

But while there is light at the end of the tunnel for immediate impact of the Covid-19 pandemic - with a potential end to social distancing restrictions - the economic hangover could be much longer-lasting.

The chancellor of the exchequer has made clear he believes the bills racked up during the pandemic must be paid off. This has led to conjecture about increased business taxes, a one-off wealth tax, increased capital gains tax and a cut to pensions tax relief.

There is also the question of the stamp duty holiday, which boosted the housing market last year but is due to expire at the end of March, and growing concerns about the unaffordable level of house prices.

Follow our live blog to get the latest updates and analysis on today's announcements with our panel, which consists of:

  • Adrian Lowcock, head of personal investing at Willis Owen
  • Claire Trott, head of pensions strategy at Technical Connection
  • Chris Down, private client tax associate at RSM UK
  • Lewis Tompkins, tax associate director at RSM UK
  • Kevin Roberts, director of Legal & General Mortgage Club

Send us your questions via Twitter @FTAdviser using the hashtag #Budget2021 or post questions using the commenting facility on the right hand side of this page.