Spring Budget 2021—key Commercial announcements

Article summary

In the Spring Budget 2021, on 3 March 2021, the Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP, announced a series of measures to aid business recovery following the coronavirus (COVID-19) pandemic and associated lockdowns. Measures include a rise in corporation tax, the introduction of loan schemes and grants, tax reductions for businesses and a new freeports policy, among other things. Harriet Brown, barrister at 15 Old Square Tax Chambers, Maudie Leach, senior solicitor at Macfarlanes, Zoe Feller, partner at Bird & Bird and Adam Cygan, professor at the University of Leicester, comment on the measures announced and the impact on businesses.