The key changes for private clients in the Spring Budget
Sue Moore looks at the key Budget changes affecting private clients, including capital gains tax and pensions.
The economic fall out of the coronavirus (COVID-19) crisis has exceeded that anticipated at the time of the Budget. With the financial markets in free fall and many business failures forecast many people will be concerned about their pensions. In addition to the COVID-19 issues the changes announced in the Spring Budget will be having an affect too.
Budget day finally arrived on 11 March 2020. Coming in at 500 days after the previous budget it was fair to assume there would be some sweeping changes. The day started with an announcement from the Bank of England cutting the base rate to 0.25%. What shock and awe would follow in the afternoon?