A Budget for the new age was how it was billed. Governments' focus being on economic growth post COVID19. The Chancellor had already announced the corporation tax increase and the health and social care levy. The key budget points are highlighted below and in more detail in our budget booklet on our website.
The Chancellor had a difficult task in this Budget: to indicate how he might balance the Government’s books in the future, while still having to pay out huge sums to support the economy. He said that he would continue to provide ‘whatever it takes’ to protect businesses and jobs during the present crisis, while being honest about the need to ‘fix the public finances’ and setting out his plans to build the future economy.
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