Rishi Sunak’s Budget speech was very much centred on helping businesses through the coronavirus pandemic, writes Laura Suter, so why, out of the blue, did he choose to double the Junior ISA allowance?
It was expected to a big Budget, with lots of announcements, lots of spending and a few rabbits out of the hat. Then the Chancellor was canned, a newcomer waded in, Coronavirus hit the UK, stock markets tanked and suddenly the backdrop was a little different. But in a very Coronavirus-focused Budget (that was understandably centred on helping businesses and employees through the hopefully short-term turmoil of the virus) there was one very odd rabbit that appeared out of the hat. It wasn't given airtime in Rishi Sunak's hour-long speech to deliver the Budget, but the documents reveale...
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