Well, the budget is due on Wednesday 11th of March 2020. Let’s kick off with a short daily blog looking at what might happen in the first budget since Brexit, recent elections, and indeed following 2019 – the first year since Napoleonic Wars with no budget.
Today the question is: how much of a gambler is the new Chancellor, Rishi Sunak?
A lot of political point scoring has been made over the new ‘party of the people’, that has a chancellor who is the son of a billionaire! Traditionally this first budget in a parliament is one where the most unpopular measures are introduced – time will kill off the pain. However with the joint storm clouds of Brexit and the Coronavirus looming it’s difficult to predict which direction the economy will move. ‘Backwards’ may seem to be a sensible bet but i’m sure Rishi (I’m sure we’re on first name terms) will be keen to put a positive spin on things.
Whatever the budget is it will be interesting.
I’ll start tomorrow by taking a quick look at tax and national insurance rates and thresholds. We’ll start with the easy stuff.
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