News Article

Budget 2020

16 March 2020

A host of measures have been announced in Chancellor Rishi Sunak's inaugural Budget, including "a £30bn fiscal stimulus to support British people, British jobs and British businesses" to tackle the ongoing impact of the coronavirus. An economic decision-making campus has also been proposed for the North, accommodating 750 roles.

The coronavirus announcements topped the bill, with a temporary Interruption Loans Scheme being proposed. This would see banks offering loans of up to £1.2m to support SMEs and the HMRC scaling up the Time To Pay service.

Elsewhere, the National Living Wage was projected to be more than £10.50 an hour by 2024.

One of the largest ever programmes of public investment was also announced, with money going towards gigabit-capable broadband, filling potholes and getting 4G coverage to 95 per cent of the country.

Read more at: Insider Media