Summary of Budget 2020

Chancellor Rishi Sunak delivering his first budget yesterday, changes announced include measures put in place to support the economy in the face of the coronavirus such as additional support for the NHS and public services and loans available for small businesses to support ‘business interruptions’. Furthermore minor Stamp Duty changes have been introduced in respect of non-UK residents. Business rates for small businesses have been scrapped. Below is a summary of the main points: Coronavirus and public services £5bn emergency response fund to support the NHS and other public services…

Chancellor’s Brexit brinkmanship puts the hold on

The continuing uncertainty over Brexit saw the Chancellor deliver a Spring Statement that was more holding plan than action plan. Following just one day after the latest rejection by Parliament of the government’s latest Brexit deal, there were few surprises but many cautions as Philip Hammond highlighted a range of alternative scenarios, depending on what happens with the country’s exit from the EU over coming weeks. That included a possible reversal to the ‘end of austerity’ he predicted in the Autumn 2018 Budget, with the Chancellor saying that he will…

Chancellor’s Brexit brinkmanship puts the hold on

The continuing uncertainty over Brexit saw the Chancellor deliver a Spring Statement that was more holding plan than action plan. Following just one day after the latest rejection by Parliament of the government’s latest Brexit deal, there were few surprises but many cautions as Philip Hammond highlighted a range of alternative scenarios, depending on what happens with the country’s exit from the EU over coming weeks. That included a possible reversal to the ‘end of austerity’ he predicted in the Autumn 2018 Budget, with the Chancellor saying that he will…

Budget 2015 – The key points

George Osborne's March 2015 Budget has been announced today and below we have summarised the key points of this year's Budget: The new Help to Buy ISAs effectively give investors tax relief on a cash ISA investment for home buying. The Government will provide a £50 bonus for every £200 of monthly savings up to a maximum of £3,000 on £12,000 of savings. The scheme is for first time home-buyers on houses worth up to £450,000 in London and £250,000 elsewhere in the UK. The aim is to start the scheme…

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