The Chancellor has announced that personal tax thresholds will be frozen.
Rishi Sunak says the threshold will increase next year to £12,570 but will be kept at this level until 2026.
The higher rate will rise to £50,270 in 2022, but will stay there until 2026.
Meanwhile, corporation tax will increase from 19% to 25% in 2023 - only "businesses with profits of £250,000 or greater" will be affected.
Follow live analysis of #Budget2021: [ Ссылка ]
SUBSCRIBE to our YouTube channel for more videos: [ Ссылка ]
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí [ Ссылка ]
Follow us on Twitter: [ Ссылка ] and [ Ссылка ]
Like us on Facebook: [ Ссылка ]
Follow us on Instagram: [ Ссылка ]
For more content go to [ Ссылка ] and download our apps:
Apple [ Ссылка ]
Android [ Ссылка ]
