Budget 2020 key takeaways: Coronavirus, tapered annual allowance raised and JISA boost

Highlights from first Budget of this Parliament

clock • 5 min read

Chancellor Rishi Sunak gave an assured performance delivering his first Budget as he promised to do "whatever it takes" to support the economy as concerns grow about the significant impact of the coronavirus. But what were the other main areas of interest for Investment Week readers?

Coronavirus support The Chancellor committed a £30bn fiscal stimulus package to tackle the economic impact of coronavirus, promising "to keep this country and our people financially secure". Among the spending pledges is a £2bn cash injection into 700,000 of the UK's smallest business, and £7bn of support for the self-employed, businesses and vulnerable people. There will also be a £5bn "emergency response fund", which could "go further if necessary", in addition to a "fiscal loosening" of £18bn. To cushion the impact on smaller businesses, those with fewer than 250 employees wi...

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