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Budget 2020 bingo card: Download your FREE Budget speech bingo TODAY
THE FIRST budget since 2018 and of Boris Johnson’s Tory government is taking place tomorrow. Ahead of the big day, Express.co.uk readers can download a fun Budget Bingo sheet.
The first 2020 budget will take place on Wednesday, March 11. Boris Johnson’s large majority gives the Tories the go ahead to make big changes to spending and taxes. However, the new Chancellor Rishi Sunak has only held his post for four weeks, making it likely that any radical changes will be saved for the next budget due in autumn.
What can we expect?
Coronavirus is expected to dominate as last minute changes to healthcare funding and emergency funds for various responses are expected to be released.
It is expected there will be some form of relief for small businesses who are most likely to suffer the most COVID-19.
The government met yesterday for an emergency COBRA meeting to help prepare for coronavirus.
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Speaking to Andrew Marr on Sunday Mr Sunak said: “I can say absolutely, categorically, the NHS will get whatever resources it needs to get us through this crisis.
“I’m keen to make sure when we get through the other side, we haven’t lost these great small businesses permanently.”
The Chancellor will be keen to show he is willing to limit the economic fallout of coronavirus as far as possible.
The Prime Minister has somewhat controversially reversed the proposed ‘mansion tax’ which would be levied each year on high value properties, predominantly located in the south of England.
Rishi Sunak has replaced Sajid Javid as Chancellor of the Exchequer (Image: GETTY)
Former chancellor Sajid Javid was due to introduce a wealth tax on owners of expensive properties before being ousted in February.
The government has already promised to provide extra money for the social care crisis, which has seen people having to sell their house to pay for care homes and disability care.
The annual flood defence budget will likely be doubled following a devastating amount of rainfall in February left homes and businesses across the UK in tatters.
Mr Sunak is also understood to be poised to cancel a planned cut in corporation tax from 19 percent to 17 percent to save the Treasury around £6billion a year.THE FIRST budget since 2018 and of Boris Johnson’s Tory government is taking place tomorrow. Ahead of the big day, Express.co.uk readers can download a fun Budget Bingo sheet. ]]>