Tax and regulation policy briefing

A new year, new government and a Budget

January brought confirmation that a Budget will take place this Spring (11 March) under the stewardship of new Chancellor, Rishi Sunak. Over January the CBI has produced a submission to the Treasury packed with ideas for the new government across four key areas: People, Climate, Innovation, and Investment and Infrastructure. Check out the CBI’s full budget submission (including a map showing how the submission benefits each region of the UK) here.

In the absence of a Budget in 2019, the first Budget and Finance Bill of this new parliament is likely to deliver on two areas:

1. It will deliver on previous planned policies that were delayed due to the political turbulence last year
2. It will deliver on conservative manifesto commitments, in particular the government’s pledge to level up areas of the UK that have been left behind.

The CBI will be monitoring the Budget rumour mill throughout February to br