Mar 6, 2020

Budget 2020: Your essential guide to Rishi Sunak's debut

The Budget updates us on the financial state of the nation and outlines the government's plans for tax and spending for the financial year, which starts in April. The speech usually lasts about an hour, although the longest continuous Budget speech was by William Gladstone in 1853, lasting four hours and 45 minutes. The last Budget was delivered in October 2018 by then chancellor Philip Hammond, who is no longer an MP.Does the Budget affect all parts of the UK? Policies and plans announced in the Budget will affect all, or parts, of the UK. Particular attention is expected to be paid this time to policies that are designed to tackle regional inequalities, although the detail is yet to be revealed. Given the length of time Mr Sunak has been given to prepare, there are suggestions that any really big policy changes might not happen until the next Budget. The March Budget is the one delayed from last year, and then there will be one in the autumn as normal.

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