March 2020 Budget Update

2020-03-12T10:57:25+00:00March 12th, 2020|Categories: Budget Reports|Tags: , |

Just one month into his new role as Chancellor of the Exchequer, Rishi Sunak has delivered his first Budget Statement promising 'historic' investment in roads, railways, broadband and scientific research, as the government tries to deliver on its promise to level up the UK. Ahead of the Statement, the Chancellor said that it would be "a Budget for people right across the country - no region will be left behind." The Chancellor opened the Statement by addressing current coronavirus Covid-19 concerns. He said that there is likely to be a temporary disruption to the economy, but the government will [...]


2019-09-01T22:09:16+01:00October 31st, 2018|Categories: Budget Reports|Tags: , , , , , , |

SUMMARY There was wide-ranging speculation in the run up to this year's Budget, with experts predicting that, whilst Brexit and ending austerity would be the most prominent features, Chancellor Phillip Hammond would also take the opportunity to make changes in other areas such as pension contributions tax relief and the tax regime for digital-only businesses. As is usually the case, some of the predictions (in particular those relating to austerity, Brexit and digital-only businesses) proved to be correct, but it will be of great relief to many individuals that the Budget did not include proposals to change the current [...]


2019-08-23T16:26:40+01:00March 31st, 2006|Categories: Budget Reports|Tags: |

Summary This Budget was all about 'putting the next generation first'. The Chancellor said there are tough challenges ahead - financial markets are turbulent, productivity growth across the west is too low, and the outlook for the global economy is weak. However, the Government remains committed to its long term stability plan and will continue to put the next generation first - focusing on sound public finances to deliver security; lower taxes on business and enterprise to create jobs; reform to improve schools; investment to build homes and infrastructure; and help for working people who want to save for [...]

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