Chancellor Rishi Sunak delivered his first Budget today. It focused chiefly on containing the economic fallout from the coronavirus, but there were many other notable policy announcements alongside.
Personal Income & Tax
Small and Medium Sized Businesses (SMEs)
It seems a generous Budget and much of it is very welcome. However it will be interesting to see where the money is going to come from to cover all this support. Sunak said that this is a Budget for “Prosperity tomorrow”. It is hard to see how this can be achieved without the coffers being topped up given that we are facing a temporary disruption to the economy.