On some counts, this Budget was Rishi Sunak’s 15th major announcement since his first Budget, just under a year ago. During this period, the pandemic has dominated the Chancellor’s actions.
Our latest newsletter aims to keep you up-to-date on financial news affecting you.
We've pulled together the highlights from the ‘Economic Update’ by the Chancellor, Rishi Sunak, which arrived (24 Sept) six months and a day after the Prime Minister announced the start of lockdown on 23 March.
23 March became labelled Tax Day and the focus on its contents intensified when the Chancellor avoided Budget comment on, for example, the future of inheritance tax and capital gains tax.
Late November should have seen the Chancellor announce his Autumn Budget and a Comprehensive Spending Review. In their place was a ‘Financial Statement’, addressing a one-year Spending Review.
The challenge for the Chancellor in his Summer Statement was to start the transition from the emergency employment support that has so far been the focus of his strategy.