{"componentChunkName":"component---src-templates-post-js","path":"/boriss-post-brexit-budget/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e46a2f4f9528e003813ce19","title":"Boris’s post-Brexit Budget","slug":"boriss-post-brexit-budget","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/02/philip-veater-mRlmfQ_yVFQ-unsplash.jpg","excerpt":"Sajid Javid’s successor, Rishi Sunak, has just 3 weeks to produce a budget that has already been delayed.","custom_excerpt":"Sajid Javid’s successor, Rishi Sunak, has just 3 weeks to produce a budget that has already been delayed.","created_at_pretty":"14 February, 2020","published_at_pretty":"14 February, 2020","updated_at_pretty":"14 February, 2020","created_at":"2020-02-14T13:39:00.000+00:00","published_at":"2020-02-14T13:46:19.000+00:00","updated_at":"2020-02-14T13:46:19.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nUK Budget uncertainty\nSajid Javid’s successor, Rishi Sunak, has just 3 weeks to produce a budget that\nhas already been delayed. Boris Johnson promises that it will bring a new dawn\nof spending [https://www.telegraph.co.uk/business/0/budget-2020-date-next/] -\nchanges to tax, pensions, housing and social care have been mooted, as well as\nincreased spending in the north of England.\n\nDown on one knee\nStruggling high street retailers are looking to cash in on Valentine’s Day.\nPoundland has already sold 40,000 engagement rings\n[https://www.bbc.co.uk/news/business-51473071] this year - the £1 rings are\nmeant to be used as “placeholders”. Last year, the UK spent £853m last year on\nValentine’s Day, which was up 7.8% from 2018, however some analysts say\nretailers are becoming too reliant on promotional events, using them all year\nround.\n\nJCB takes a sick day\nThe coronavirus outbreak has caused a shortage of parts coming from China. As\ntheir economy grinds to a halt, it’s disrupting supply chains\n[https://www.theguardian.com/business/2020/feb/13/businesses-worldwide-count-cost-coronavirus-outbreak] \nof manufacturers around the world. British digger maker, JCB, has responded by\nreducing working hours for their 4,000 employees. Other industries have been\nimpacted too - flight cancellations, retail store closures, and a reduced demand\nfor oil in China, has the EU worried about global growth.","html":"

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

UK Budget uncertainty

Sajid Javid’s successor, Rishi Sunak, has just 3 weeks to produce a budget that has already been delayed. Boris Johnson promises that it will bring a new dawn of spending - changes to tax, pensions, housing and social care have been mooted, as well as increased spending in the north of England.

Down on one knee

Struggling high street retailers are looking to cash in on Valentine’s Day. Poundland has already sold 40,000 engagement rings this year - the £1 rings are meant to be used as “placeholders”. Last year, the UK spent £853m last year on Valentine’s Day, which was up 7.8% from 2018, however some analysts say retailers are becoming too reliant on promotional events, using them all year round.

JCB takes a sick day

The coronavirus outbreak has caused a shortage of parts coming from China. As their economy grinds to a halt, it’s disrupting supply chains of manufacturers around the world. British digger maker, JCB, has responded by reducing working hours for their 4,000 employees. Other industries have been impacted too - flight cancellations, retail store closures, and a reduced demand for oil in China, has the EU worried about global growth.

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