Rishi Sunak delivered the Budget 2020 in the House of Commons on Wednesday. The newly-appointed Chancellor, who has beeen in the senior role since February 2020, has presented the financial statement, which is the first Budget of Boris Johnson’s majority government, amid the coronavirus outbreak. Following the Budget, Martin Lewis shared his reaction on Twitter.
Writing on Twitter this afternoon, Mr Lewis took a closer look at what has been announced in regards to ISA savings.
He wrote: “Starting to look through the detail it seems they may well be increasing the Junior ISA allowance (for under 18s) from £4,368 to £9,000 A massive hike, though actually as there are far fewer taxes on people’s savings these days not such an impact.”
Minutes later, the Money Saving Expert founder tweeted: “No announcements I’ve seen so far on changes to income tax or ISA thresholds.
“Will have to check the red book details – but unlikely to be substantial if not included #Budget2020.”