The new Chancellor’s Budget contains announcements on R&D, infrastructure and levelling up, alongside measures to help firms weather the storm of Covid-19.
Being the first Budget in 18 months, this Spring Budget was always going to sit in a brighter spotlight. Add to that Brexit and a brand new Chancellor, and you have a very high profile event. And that’s before you even get to Covid-19 and the impact it may have on the economy. Quite the feat for a new Chancellor.
The day started with a bang, with the Bank of England announcing a number of measures this morning to support economic activity and credit availability in light of disruption from Covid-19. As the UK responds to the immediate challenge, people are the first priority. So, the measures to expand and ease access to sick pay and benefits are vital to protect people’s health and livelihoods. The Chancellor’s actions on business rates, emergency funds and loans will help ensure firms – especially smaller organisations – can weather the storm. Lar
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