Breaking News on Budget Day
The Bank of England has cut interest rates from 0.75% to 0.25% in order to provide support to the economy caused by the coronavirus COVID-19 impact.
Bank of England Governor, Mark Carney, expressed last week that the BoE would act to support the economy but this morning’s cut has been larger and quicker than anticipated.
The first Budget of Chancellor Rishi Sunak will feel very unreal, overshadowed by the coronavirus impact. There is likely to be support for all sectors of society and business.
Click the link to read a Sky news article – ‘Overshadowed by the coronavirus, this budget will feel very unreal’: https://news.sky.com/story/overshadowed-by-the-coronavirus-this-budget-will-feel-very-unreal-11954747
New Chancellor, Rishi Sunak’s first Budget – the 2020 Budget certainly has its challenges. It has been talked about as being the most redrafted Budget ever …..
The BBC have written an article – ‘5 ways Rishi Sunak could tackle coronavirus’ – click the link to read the article: https://www.bbc.co.uk/news/business-51815476
We will, of course, provide a Budget 2020 Summary for our clients in due course.
Best Price FS Team
Please follow and like us: