The UK Budget

Prefaced with a half point interest rate cut, the new Chancellor, Rishi Sunak, has delivered his first UK Budget.

Julian Smith, our Head of Tax, explores the key points:

Against the backdrop of the global Coronavirus outbreak and tough market conditions, the Chancellor’s speech unsurprisingly focused on delivering a financial response to prompt economic stability and security. It also began to address the UK’s call for change, following the General Election just a few months ago. Clearly this was a very different Conservative Government than we’ve seen before, and something of a bold Budget in many ways, with a tremendous amount of spending announced, albeit with a great deal of borrowing needed to facilitate it.


Contact us

For enquiries or more information: