Budget 2020 - summary

  • firms with fewer than 250 staff to be refunded for sick pay payments for 2 weeks

  • small firms to be able to access ‘business interruption’ loans of upto £2m

  • business rates with a rateable value upto £51,000 to be abolished for retail, leisure and hospitality sector

  • NI threshold to rise to £9,500

  • plastic packaging tax to come into force from April 2022

  • more than £600bn to be spent on infrastructure, transport and housing