Budget update 2020 – what you need to know
‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’.
Rishi Sunak, Chancellor of the Exchequer, 11 March 2020
Rishi Sunak’s first Budget as Chancellor of the Exchequer pledged a £30bn package to help the UK economy respond to coronavirus and invest in the future.
Announcing spending plans for roads, railways, digital networks and public services the focus was on building confidence in the future and ‘levelling up’ the opportunities available to all across the country.
Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included additional comments.
If, after reading this summary you have any questions, please do not hesitate to contact one of our tax specialists (see pages 21-22 of the booklet), Anne-Maree Dunn, or your usual WMT partner for advice.