Chancellor
Philip Hammond has announced that he will deliver the Autumn Budget on
Wednesday 22 November.
The
Autumn Budget will be the second Budget to be delivered this year, and will
outline the government’s proposed tax changes and spending plans in response to
forecasts from the Office for Budget Responsibility (OBR). The 2017 Autumn
Budget will be the first of its kind under the government’s new fiscal
timetable. During the 2016 Autumn Statement, the Chancellor announced that the
annual Budget will now take place in the Autumn, as opposed to Spring.
Going
forward Philip Hammond will make a Spring Statement each year, responding to a
forecast produced by the OBR. The first Spring Statement will be delivered in
2018.
Meanwhile
Finance Secretary Derek Mackay has confirmed the Scottish Draft Budget 2018/19
will be published on 14 December, three weeks after the Budget for the rest of
the United Kingdom.
Internet
links: GOV.UK News GOV.SCOT News
For more
information please do not hesitate to contact the team at Ward Williams
Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk.
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