HM Treasury's 2020 Budget was announced last week and
contains an array of measures that could lead to large capital
injections into the UK economy. The budget is in part a response to
the COVID-19 outbreak, but also seeks to broadly promote UK
business growth.
The budget's introduction notes that it is the
first of the new decade and the first since Brexit. It "lays
the foundations of the UK's future prosperity and delivers on
the government's promises to the British people." The
budget will invest an estimated 640 billion pounds into transport,
health, energy and digital infrastructure between 2020 and
2024.
This post summarizes some important tax-related announcements
from the budget, and points out some notable omissions.
