Ajay Kumar at 21:55, 23 July 2023

2023-07-23T21:55:47Z

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{{Short description|none}}
{{Use British English|date=September 2020}}
{{Use dmy dates|date=September 2020}}
{{Infobox Government Budget
|title=2020 United Kingdom budget
|year=
|country=United Kingdom
|previous_budget=2018 United Kingdom budget
|previous_year=2018
|next_budget=March 2021 United Kingdom budget
|next_year=March 2021
|image=Royal Coat of Arms of the United Kingdom (HM Government).svg
|imagesize=200px
|caption=
|submitter=
|submitted_to=
|date_submitted=
|presented=Wednesday 11 March 2020
|passed=
|parliament=[[List of MPs elected in the 2019 United Kingdom general election|58th]]
|party=[[Second Johnson ministry|Conservative Party]]
|chancellor=[[Rishi Sunak]]
|Total_Revenue=£873 billion
|Total_Expenditures=£928 billion
|spending=
|tax_cut=
|debt_payment=
|surplus=
|deficit=£55 billion
|debt=
|bill=
|bill_link=
|url=[https://www.gov.uk/government/publications/budget-2020-documents Budget 2020]
|minister=
|treasurer=
|gdp=
}}

The '''2020 United Kingdom budget''', officially known as '''Budget 2020: Delivering on Our Promises to the British People''', was a [[Budget of the United Kingdom|budget]] delivered by [[Rishi Sunak]], [[Chancellor of the Exchequer]], to the [[United Kingdom House of Commons|House of Commons]] on Wednesday 11 March 2020. It was Sunak's first budget, the first since the [[Brexit|withdrawal of the United Kingdom from the European Union]], the first since [[Premiership of Boris Johnson|Boris Johnson becoming Prime Minister]] and the first to be held in the spring since [[March 2017 United Kingdom budget|March 2017]].<ref>{{Cite web|url=https://www.telegraph.co.uk/business/2020/03/11/budget-2020-markets-bank-england-interest-rates-live-pound-ftse/|title=Dow Jones enters bear market as coronavirus pandemic declared|first1=LaToya|last1=Harding|first2=Louis|last2=Ashworth|date=Mar 11, 2020|access-date=Sep 23, 2020|website=The Telegraph}}</ref><ref>{{Cite web|url=https://www.theguardian.com/uk-news/2020/jan/07/budget-2020-sajid-javid-brexit-tax|title=Budget 2020: what will Sajid Javid announce?|first=Richard|last=Partington|date=Jan 7, 2020|access-date=Sep 23, 2020|website=The Guardian}}</ref>

It was scheduled to be followed by another budget in the autumn, but in September 2020 the Treasury announced that budget would be scrapped because of the ongoing [[COVID-19 pandemic in the United Kingdom|COVID-19 pandemic]], stating "now is not the right time to outline long-term plans – people want to see us focused on the here and now".<ref>{{cite web|url=https://www.bbc.co.uk/news/uk-politics-51835306|title=Budget 2020: Chancellor pumps billions into economy to combat coronavirus|website=BBC News|date=11 March 2020|access-date=11 March 2020|quote=The chancellor will deliver another Budget in the Autumn, with measures aimed at preparing the UK economy for post-Brexit trading arrangements with the EU.}}</ref><ref>{{Cite web|url=https://www.bbc.com/news/business-54267795|title=Covid crisis forces Autumn Budget to be scrapped|date=Sep 23, 2020|access-date=Sep 23, 2020|website=BBC News}}</ref> Instead, additional statements were given by the chancellor in both [[July 2020 United Kingdom summer statement|summer]] and [[September 2020 United Kingdom Winter Economy Plan|autumn]].

==References==
{{reflist}}

{{United Kingdom budget}}{{Rishi Sunak}}{{COVID-19 pandemic in the United Kingdom, Crown Dependencies and British Overseas Territories}}

[[Category:March 2020 events in the United Kingdom|Budget]]
[[Category:United Kingdom budgets|2020]]
[[Category:2020 in British politics|Budget]]
[[Category:2020 government budgets|United Kingdom]]
[[Category:COVID-19 pandemic in the United Kingdom]]
[[Category:Rishi Sunak]]

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2020 United Kingdom budget - Revision history

Ajay Kumar at 21:55, 23 July 2023