Name: Budget 2020: what it means for your money | FT
Uploaded: 2020-03-11T21:50:31.000Z
Duration: 2 min 27 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

So here's what the Budget means for you and your money.

This was a Budget of immediate first aid measures.

The chancellor unveiled a huge package of measures

economy, small businesses, and the self-employed.

The chancellor rolled out a huge boost to statutory sick pay

and for those who were unable to claim it,

Plus, help for small businesses in covering

including extra time to pay tax bills and emergency

loans to help businesses see off the corona crisis.

Now, it wouldn't be a Budget without a tax giveaway.

And the chancellor delivered today in the form of a tax cut

for 31m workers as the national insurance threshold is raised

This, the chancellor said, would save the average worker £100

Savings for children also received a big boost.

From April, the amount that parents can save into a junior

And we can all drink to that because duty

on all alcoholic beverages, including wine, beer, cider

Well today, the only big change was an additional 2

per cent rate of stamp duty for people from overseas

That's a move that could hit UK expats returning home.

But the chancellor said the funds will be used

And finally, what about what the chancellor didn't say?

his hands of some of the tax-raising measures

namely getting rid of higher rate pensions tax relief.

In fact today, he made the pensions tax position

much easier for thousands of higher earners in a bid

to help NHS doctors who've been hit by higher tax bills.

So it looks like the government has decided now

is not the time to frighten the party's core voters with talk

of tax rises, but that doesn't mean they're officially

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Budget 2020: what it means for your money | FT

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