The Chancellor of the Exchequer, , has today launched the
beginning of the Budget process and announced that it will take
place on Wednesday 11 March 2020.
During a visit to the new £350 million Trafford Park tram line
project in Manchester, the Chancellor set out plans to use the
Government’s first Budget to deliver change - unleashing
Britain’s potential, delivering world-class public services and
levelling up the whole country.
The Chancellor of the Exchequer, , 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.”
The Chancellor will today provide an economic update to Cabinet
colleagues before updating Parliament during Treasury oral
questions. He is expected to set out plans in the
March Budget to:
- Open a new chapter for the UK’s economy and prepare it for
the decade ahead;
- Deliver on the Government’s promises on tax, to help tackle
the cost of living for hard-working people; and
- Make good on the commitment to level up and spread
opportunity, including by investing billions of pounds across
the country.
At the Budget, the Chancellor will update the Charter of Fiscal
Responsibility with new rules, taking advantage of low interest
rates to invest properly and responsibly, while keeping debt
under control.
The Budget will prioritise the environment, and build on recent
announcements to boost spending on public services and tackle
the cost of living. These include investing in new hospitals,
training thousands of new police officers, funding vocational
education and the biggest ever cash increase to the National
Living Wage.
Notes to Editors
