Budget 2020 - what it means to you
Chancellor of the Exchequer Rishi Sunak delivered his first Budget speech today (Wednesday, March 11, 2020) and he ‘splashed the cash’.
It was also the first - and much delayed - Budget of the Government led by Prime Minister Boris Johnson.
Indeed it was the first Budget proper since October 29, 2018. Since then there has been a March 2019 Spring Statement, a change of Prime Minister, a general election, lengthy Parliamentary debates around Brexit and two changes of Chancellor with Mr Sunak in post for less than a month.
The Budget, which was huge in terms of overall content and will be known as the ‘coronavirus Budget’, was the first of two this year. This Budget was the one delayed from last year, and then there will be one in the autumn as scheduled.
Below we highlight the Chancellor’s key 2020 Budget measures that will impact on the company car and van sector and the wider motor industry.