Mar 11, 2020

Summary of Budget 2020: Key points at-a-glance

Chancellor Rishi Sunak is delivering his first Budget in the House of Commons, announcing the government's tax and spending plans for the year ahead. Here is a summary of the main points, which will be updated as he speaks. National Insurance Contributions tax threshold to rise from £8,632 to £9,500 - saving people just over £100 a year. Total investment in flood defences to be doubled to £5.2bn over next five years. £2.5bn will be made available to fix potholes and resurface roads over five years. Public sector net borrowing set to rise this year to 2.1% of GDP, rising to 2.4% and 2.8% in subsequent years.

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