The UK's economic recovery from coronavirus will be "swifter and more sustained" than previously thought, Chancellor Rishi Sunak told MPs as he set out his Budget. <br /> <br />But he warned it would take "a long time" to rebuild and pledged to do "whatever it takes" to support people. <br /> <br />In his Budget the Chancellor: <br /> <br />- Extended the stamp duty holiday from the end of March until the end of June. <br /> <br />- Confirmed the extension of the furlough scheme until the end of September. <br /> <br />- Extended the 5% reduced rate of VAT for the tourism and hospitality sector to the end of September. <br /> <br />- Continued the business rates holiday for the retail, hospitality and leisure sectors until the end of June. <br /> <br />- Announced the temporary £20-a-week increase in Universal Credit payments will continue. <br /> <br />- Set out a new Recovery Loan Scheme. <br /> <br />-Froze all alcohol duties and scrapped a planned increase in fuel duty. Report by Avagninag. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
