Preview of the Budget 2020

Posted: 200121
Next Budget will be on Wednesday 11th March 2020
Chancellor Savid Javid will make his Budget Statement on Wednesday 11th March 2020 to the House of Commons responding to the forecast from the Office for Budget Responsibility (OBR). His statement will set out the Government's plans following the UK leaving the EU on 31st January 2020 at a time when so much activity related to the negotiations with the EU, and trade negotiations with the USA, will dominate proceedings in Parliament. The Budget Statement will start at 12.30pm after Prime Minister's Questions and it's expected to last for a maximum of an hour.

As usual we will have a prompt report on the statement and the measures announced by the Chancellor of interest to classic motoring enthusiasts posted here within an hour or so of his sitting down in the House of Commons.

What could we see of interest to classic car enthusiasts?
We hope the freeze on fuel duty will continue and also that there will be no further increases in Insurance Premium Tax (IPT). See our report on fuel duty

The outlook for the 2020 Spending Review from the Institute of Fiscal Studies
IFS website

See a guide to Budget statement buzzwords. More... See report on the Budget in November 2019. More
V8 Register - MG Car Club - the leading group for MG V8 enthusiasts at