The Spring Budget 2020 – an update!

Since the sudden resignation of Sajid Javid and appointment of Rishi Sunak, there was speculation that the Spring Budget 2020 would be delayed beyond 11th March.

Surely Sunak couldn’t pull together his first Budget in just a few weeks?

Despite the comments from Transport Secretary Grant Shapps that appeared to suggest Sunak may want more time to prepare, the new Chancellor took to Twitter to confirm that he was sticking to the original schedule. This gives him just 27 days to prepare.

Image of Rishi Sunak, Chancellor, preparing for the 2020 Spring Budget

But what do SMEs want to see in the Spring Budget 2020?

According to the Federation os Small Businesses (FSB) they want to see lower business rates and a delay to the changes to IR35 that are imminent. They claim this Budget gives Sunak, and the Government, a chance to prove the support they claim to offer small businesses.

There has already been an announcement that business read will be halved for small shops, cafes, music venues and cinemas.

Will the Chancellor go further in his first speech?

Whatever the new Chancellor decides, we’ll have updates here on our Blog as soon as we are able to bring them to you.

We’ll also send everyone on our mailing list a summary overnight, to be ready for you to browse over breakfast on the 12th March. If you’d like to be on that list, please let us know as soon as possible. Alternatively, you can join that list here.

As ever, if there are announcements that we feel need to be acted on promptly, we’ll get in touch with clients as soon as we’ve had a chance to read the small print. Please bear in mind that we only get access to the full content of the Budget as the Chancellor sits down!

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