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Gloucestershire Business News

When is the Budget 2020 and what is on the agenda?

Chancellor of the Exchequer, Sajid Javid, has now confirmed the date for the next Budget - but what will be said?

If all goes to plan all eyes will be on Mr Javid on Wednesday, March 11, when he steps up to deliver one of the most eagerly anticipated Budgets of recent year.

It is the absence of a plan which some might say the nation has found so frustrating, embroiled as the country's Parliament has been in the divisive conundrum that is Brexit.

No pressure then.

As Tim Watkins, of Gloucestershire accountants and business experts Randall & Payne, points out - the recent climate puts this particular Budget firmly in the spotlight, and it comes during a particularly significant week for Cheltenham and Gloucestershire.

"Budget Day has been announced and circumstances mean the 2020 Budget returns to its traditional March slot and we are starting to prepare for our annual event," said Mr Watkins.

"This may well be a significant Budget, the Conservatives need to cement their support in the regions so we can expect to see much about spending on support and infrastructure and the NHS.

There has been speculation about Capital Gains Tax in the press and this might be an area for change which could be masked as simplification given the raft of possible rates these days.

"There was much talk about promises not to increase main taxes at election time so the Chancellors hands may be tied, as always he has the unenviable task of trying to match peoples hopes with limited resources.

"This year though may be one of the harder balancing acts, many promises to start to fulfil, uncertainties around trade deal negotiations post Brexit, concerns around the oil price and an election in the US amongst other things will all be on his mind.

"Budget day is in Cheltenham race week once again so there will be winners and losers in every sense."

As for the Chancellor of the Exchequer himself, he wasn't giving anything away.

Mr Javid said: "People across the country have told us that they want change. We've listened and will now deliver.

"With this Budget we will unleash Britain's potential - uniting our great country, opening a new chapter for our economy and ushering in a decade of renewal."

Punchline will be bringing you the top lines from the Budget. If you would like to contribute or make comment please email your comments to andy@moosemarketingandpr.co.uk .

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