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Alextra's Guide To The Budget 2020

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On 11 March 2020, the Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget in the House of Commons.

Just before the Budget announcement, Mark Carney from the Bank of England announced a reduction in UK interest rates from 0.75% to a historic low of 0.25%, and the Treasury pledged more than £600 billion for infrastructure projects over the next five years.

In his Budget speech, Mr Sunak provided an update on Britain’s economic growth as a response to the OBR’s forecasts on public finances and, as predicted, addressed concerns over the coronavirus outbreak and its impact on the economy.

For a full summary of what was announced in the 2020 UK Budget, including full information for Tax Rates & Allowances, please see the Alextra website -