Following the UK’s departure from the EU, Rishi Sunak delivered his first Budget as Chancellor on Wednesday 11 March.
What was the message in the Chancellor's speech?
In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future. It is a Budget of a government that gets things done’.
Given the new Chancellor's first Budget was delivered at a time of considerable uncertainty and what looks likely to be a significant threat of the coronavirus, he struck a very positive tone, insisting that any problems it creates would be short-term and would be dealt with, while the UK’s medium to longer term outlook is very positive.
Alongside a £30bn package of emergency measures to mitigate the short term economic impact of Covid-19, the government announced major investment plans as it formalised promises to ‘level up’ the country.
Budget 2020 summary
Our summary focuses on the tax measures which may affect you, your family and your business.
We have also included our own comments to help you assess the effects that the proposed changes may have on you personally or your business.
Some Budget proposals may be subject to amendment in subsequent Finance Act(s). You should contact us before taking any action as a result of the contents of this summary.