March 2020 United Kingdom budget

The March 2020 United Kingdom budget, officially known as Budget 2020: Delivering on Our Promises to the British People, was a budget delivered by Rishi Sunak, Chancellor of the Exchequer, to the House of Commons on Wednesday 11 March 2020. It was Sunak's first budget, the first since the withdrawal of the United Kingdom from the European Union, the first since Boris Johnson becoming Prime Minister and the first to be held in the spring since March 2017.[1][2]

 () March 2020 United Kingdom budget
PresentedWednesday 11 March 2020
Parliament58th
PartyConservative Party
ChancellorRishi Sunak
Total revenue£873 billion
Total expenditures£928 billion
Deficit£55 billion
WebsiteBudget 2020
‹ 2018

It was scheduled to be followed by another budget in the autumn, but in September 2020 the Treasury announced that budget would be scrapped because of the ongoing COVID-19 pandemic, stating "now is not the right time to outline long-term plans – people want to see us focused on the here and now".[3][4] Due to the pandemic, additional statements were given by the chancellor in both summer and autumn.

References
  1. Harding, LaToya; Ashworth, Louis (11 March 2020). "Dow Jones enters bear market as coronavirus pandemic declared". Retrieved 23 September 2020 – via www.telegraph.co.uk.
  2. correspondent, Richard Partington Economics (7 January 2020). "Budget 2020: what will Sajid Javid announce?". Retrieved 23 September 2020 – via www.theguardian.com.
  3. "Budget 2020: Chancellor pumps billions into economy to combat coronavirus". BBC News. 11 March 2020. Retrieved 11 March 2020. The chancellor will deliver another Budget in the Autumn, with measures aimed at preparing the UK economy for post-Brexit trading arrangements with the EU.
  4. "Covid crisis forces Autumn Budget to be scrapped". 23 September 2020. Retrieved 23 September 2020 – via www.bbc.co.uk.
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