UK budget 2020: experts react

Phil  Tomlinson; Cam  Donaldson; Craig Berry; Gabriella Conti; Gavin Midgley; John Weeks; Karl Schmedders; Madeleine Gabriel; Ross Brown; W David McCausland

UK budget 2020: experts react

Phil Tomlinson, Cam Donaldson, Craig Berry, Gabriella Conti, Gavin Midgley, John Weeks, Karl Schmedders, Madeleine Gabriel, Ross Brown, W David McCausland

Economics

Research output: Contribution to specialist publication › Article

Abstract

Rishi Sunak has delivered his first budget as UK chancellor and the Conservative Party’s first budget since winning the 2019 general election. Here our panellists give their take on his announcements.

The macroeconomy
W David McCausland, Professor of Economics, University of Aberdeen

Rishi Sunak’s first budget, just months into the job, is in large part born out of necessity. The novel coronavirus has prompted a £30 billion package to fund increased health spending and mitigate the effects of illness, particularly for small firms. The abolition of business rates for small firms in the retail, leisure and hospitality sectors in England is particularly welcome.

Original language	English
Specialist publication	The Conversation
Publisher	The Conversation UK
Publication status	Published - 11 Mar 2020

Keywords

UK economy
Chancellor of the Exchequer
Budget 2020
Rishi Sunak

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https://theconversation.com/uk-budget-2020-experts-react-133455Licence: CC BY-ND

Cite this

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abstract = "Rishi Sunak has delivered his first budget as UK chancellor and the Conservative Party{\textquoteright}s first budget since winning the 2019 general election. Here our panellists give their take on his announcements. The macroeconomyW David McCausland, Professor of Economics, University of AberdeenRishi Sunak{\textquoteright}s first budget, just months into the job, is in large part born out of necessity. The novel coronavirus has prompted a £30 billion package to fund increased health spending and mitigate the effects of illness, particularly for small firms. The abolition of business rates for small firms in the retail, leisure and hospitality sectors in England is particularly welcome. ",

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note = "Phil Tomlinson receives funding from the European Regional Development Fund to establish two business acceleration hubs in the South West of England. Cam Donaldson receives funding from the Medical Research Council and the Chief Scientist Office. Craig Berry is a member of the Labour Party. Gabriella Conti receives funding from the Nuffield Foundation (grant number EYP 42289). She is a Research Fellow of the Institute for Fiscal Studies and a Trustee of Foundation Years Information and Research. John Weeks is coordinator of the Progressive Economy Forum's council of economists and a member of the Labour Party. Gavin Midgley, Karl Schmedders, Madeleine Gabriel, Ross Brown, and W David McCausland do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.",

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N1 - Phil Tomlinson receives funding from the European Regional Development Fund to establish two business acceleration hubs in the South West of England. Cam Donaldson receives funding from the Medical Research Council and the Chief Scientist Office. Craig Berry is a member of the Labour Party. Gabriella Conti receives funding from the Nuffield Foundation (grant number EYP 42289). She is a Research Fellow of the Institute for Fiscal Studies and a Trustee of Foundation Years Information and Research. John Weeks is coordinator of the Progressive Economy Forum's council of economists and a member of the Labour Party. Gavin Midgley, Karl Schmedders, Madeleine Gabriel, Ross Brown, and W David McCausland do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

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N2 - Rishi Sunak has delivered his first budget as UK chancellor and the Conservative Party’s first budget since winning the 2019 general election. Here our panellists give their take on his announcements. The macroeconomyW David McCausland, Professor of Economics, University of AberdeenRishi Sunak’s first budget, just months into the job, is in large part born out of necessity. The novel coronavirus has prompted a £30 billion package to fund increased health spending and mitigate the effects of illness, particularly for small firms. The abolition of business rates for small firms in the retail, leisure and hospitality sectors in England is particularly welcome.

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UK budget 2020: experts react

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