30 March 2020: the Institute for Fiscal Studies (IFS) has suggested that the budgeted fiscal deficit for the financial year starting 1 April 2020 of £55bn could more than triple to £177bn due to the coronavirus pandemic.
Budget 2020: latest news and analysis from ICAEW
Latest reporting on Chancellor Rishi Sunak's first budget.
20 March: ICAEW members may need to help clients, friends or family to access support through the benefits system during the coronavirus outbreak. Benefits may be something on which they would not usually advise. The Tax Faculty has created this basic guide on which benefits to consider, together with sources of support.
17 March 2020: ICAEW’s Tax Faculty summarises HMRC’s latest Employer Bulletins, which included commentary on the Budget announcements and information on the changes to off-payroll working.
13 March 2020: ICAEW chart of the week
Updated 26 March 2020: A dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to COVID-19 has gone live.
12 March 2020: while there was little on technology itself in Rishi Sunak’s first Budget speech, there was plenty in the accompanying report. Head of ICAEW Technology Faculty Richard Anning picks over the details.
12 March 2020: ICAEW’s Regional Industrial Manager Rosalia Wood looks at what yesterday’s Budget announcements mean for the UK’s levelling up agenda.
12 March 2020: Rishi Sunak’s first Budget as Chancellor of the Exchequer provided a sharp change in direction for the public finances – something that will please and surprise many, according to ICAEW’s Public Sector team.
12 March 2020: Rachel Underhill, Senior Business Strategy Manager at ICAEW, explores the immediate and long-term business implications of the Spring Budget 2020.
11 March 2020: the Chancellor announced he will continue to use the tax system to support genuine risk-taking and creativity where it is proven to be effective.