Funding has been committed to major projects in Wales as part of a UK Government Budget which Chancellor Rishi Sunak said provided support for jobs and for businesses to emerge from the pandemic and forge a path to recovery.
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Budget 2021 | An additional £2.4bn has been set aside for the devolved administrations in 2021/22 through the Barnett formula and targeted investment in specific places and sectors across Wales, Scotland and Northern Ireland.
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A £1.65bn investment in the ongoing vaccine rollout has been promised.
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The UK economy is set to return to pre-Covid levels by mid-2022, according to the Office for Budget Responsibility, six months earlier than initial forecasts.
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The government has launched a £520m Help to Grow scheme, providing a boost to small businesses as the country attempts to recover from the impact of Covid-19.
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The furlough scheme has been extended until the end of September 2021.
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Corporation tax is to rise from 2023 in a move the Chancellor said was to help tackle the country's deficit.
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Leighton Reed, partner from Azets, looks at the UK Government's Budget announcement.
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