Abstract
Rishi Sunak has delivered his first budget as UK chancellor and the Conservative Party’s first budget since winning the 2019 general election. Here our panellists give their take on his announcements.
The macroeconomy
W David McCausland, Professor of Economics, University of Aberdeen
Rishi Sunak’s first budget, just months into the job, is in large part born out of necessity. The novel coronavirus has prompted a £30 billion package to fund increased health spending and mitigate the effects of illness, particularly for small firms. The abolition of business rates for small firms in the retail, leisure and hospitality sectors in England is particularly welcome.
The macroeconomy
W David McCausland, Professor of Economics, University of Aberdeen
Rishi Sunak’s first budget, just months into the job, is in large part born out of necessity. The novel coronavirus has prompted a £30 billion package to fund increased health spending and mitigate the effects of illness, particularly for small firms. The abolition of business rates for small firms in the retail, leisure and hospitality sectors in England is particularly welcome.
| Original language | English |
|---|---|
| Specialist publication | The Conversation |
| Publisher | The Conversation UK |
| Publication status | Published - 11 Mar 2020 |
Bibliographical note
Phil Tomlinson receives funding from the European Regional Development Fund to establish two business acceleration hubs in the South West of England.Cam Donaldson receives funding from the Medical Research Council and the Chief Scientist Office.
Gabriella Conti receives funding from the Nuffield Foundation (grant number EYP 42289). She is a Research Fellow of the Institute for Fiscal Studies and a Trustee of Foundation Years Information and Research.
Keywords
- UK economy
- Chancellor of the Exchequer
- Budget 2020
- Rishi Sunak