Chancellor of the Exchequer, Rishi Sunak, delivered his second Budget on 3 March declaring that “we will recover”. The key fiscal event, which had been delayed from the Autumn due to the pandemic, centred on a £65bn three-part plan designed to continue supporting British people and businesses through the pandemic, ‘fix’ the public finances once recovery begins and lay the foundations for the future economy.
Our budget summary begins with an economic update including forecasts for economic growth and borrowing. We run through the COVID-19 Support measures that will continue and new initiatives announced. We summarise the changes to personal taxation, wages and pensions. The increases to Corporation tax are explained and some positive news for Housing. Along with the other main points.
To download our Spring budget, please click on the link below:
We are fast approaching the end of the tax year. If you have any questions regarding the budget or making sure you take full advantage of your annual allowances before the end of the tax year, please get in touch.