Budget 2020
The recently appointed Chancellor, Rishi Sunak, delivered his first Budget on behalf of the Government on 11 March 2020. The Budget announcements reflect a number of the pledges made in the Conservative Party’s 2019 Election Manifesto (Manifesto), but has also clearly been shaped by concerns regarding, and against the backdrop of, the COVID-19 Coronavirus (COVID-19) outbreak.
A summary of the key Budget announcements for employers and employees is set out below.
Pensions
Pensions Tax Relief