Budget to go ahead on 11 March

The Budget is to go ahead as planned on 11 March, despite the upheaval following the resignation of Sajid Javid, new chancellor Rishi Sunak has confirmed

Sunak has posted a tweet showing himself working on papers at his desk in the Treasury and with the text: ‘Cracking on with preparations for my first Budget on March 11. It will deliver on the promises we made to the British people – levelling up and unleashing the country’s potential.’

Sunak was appointed Chancellor following the resignation of Sajid Javid, who had only been in post since July 2019. Javid quit after a disagreement over the conditions Boris Johnston attached to his reappointment, which included the prime minister’s requirement that he sack his special advisers.

There had been suggestions the Budget might be delayed in order to give Sunak more time to prepare. He was previously chief secretary to the Treasury before taking over from Javid.

Options which have been touted as possible Budget proposals include a so-called ‘mansion tax’ on high value properties and removing higher rate pension tax relief.

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