This year’s UK Budget to be announced on 3 March is expected to be a recovery plan for the sectors battered due to the coronavirus-led uncertainties. Much of the economy remains paralyzed by a coronavirus. In 2020, the GDP shrank by 9.9 percent, which is the sharpest decline in 300 years. In between October and December 2020, the economy grew 1 percent.
A few quick points on what Chancellor Rishi Sunak may consider for his budget statement.
- Fiscal outlook
- Pandemic Support measure
- Corporate tax
- Income tax
- Capital Gain Tax
- Business rates
- VAT
- Climate change
