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The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country.
budget2020
There was a lot of spending but where were the cuts?
The root and branch review of the fiscal framework looks interesting and could imply austerity is well and truly over in the light of low interest rates.
Budget Day 2020
This Budget bore very little resemblance to the traditionally expected Conservative Budget and focused on expenditure or public infrastructure projects in a bid to boost the economy.
Budget response from Wellers Accountants
£18 billion increase in general public spending, but tax measures were relatively few.
Budget reaction from law firm Blake Morgan
“The Chancellor’s first Budget is one of unplanned circumstance, to a degree. Above all COVID-19 has succeeded in disrupting what should have been the Chancellor’s first attempt at outlining what the government’s vision for the post-Brexit UK really is.
Entrepreneurs’ relief remains, just.
Rishni Sunak, the Chancellor, today announced a number of measures, he says, to support the UK economy both long term and in light of the Coronavirus outbreak.
Budget 2020: preparing for coronavirus and investing in infrastructure
The chancellor planted a few seeds for Boris Johnson’s future plans for the UK economy, before investing heavily in the fiscal equivalent of stockpiling to see the UK through the impending coronavirus (COVID-19) storm.
Chapman Robinson & Moore – Budget 2020 Response
New Chancellor Rishi Sunak presented the Spring Budget on 11th March 2020. Of course, there was no Autumn Budget 2019 due to the general election, so this sees a return to a March Budget affecting the tax year starting 6th April.