Budget 2020: How will the Chancellor pay for all his spending in the medium term?


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Chancellor Rishi Sunak today delivered his first Budget in the House of Commons. Amid a budget that was apparently positioned as the first in a trilogy of statements this year it has clearly had to undergo a series of rewrites and today became an emergency budget in all but name. So it’s understandable that tax has taken a backseat once again.

The chancellor pledged a £30bn fiscal stimulus to support businesses, vulnerable people and the NHS through COVID-19.

While the focus on environmental taxes was admirable it barely scratched the surface, and it would seem that more will, hopefully, follow in the autumn.

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Marissa Thomas

Marissa Thomas

Head of Tax, PwC United Kingdom

Media Enquiries

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