Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March.
The 2020 Budget will be the first to be delivered after the UK’s scheduled departure from the EU on 31 January 2020. It is also Mr Javid’s first Budget as Chancellor, following the cancellation of last November’s planned Budget due to the calling of the 2019 General Election, which was won by the Conservative Party.
Commenting on the Budget, the Chancellor said: ‘People across the country have told us that they want change. We’ve listened and will now deliver.
‘With this Budget we will unleash Britain’s potential – uniting our great country, opening a new chapter for our economy and ushering in a decade of renewal.’
In the Budget announcement, the government said that it will prioritise the environment, and build on recent announcements to boost spending on public services and tackle the cost of living.
The government intends to invest in hospitals, train new police officers, fund vocational education and increase the National Living Wage (NLW).