Spring Budget Summary 2017
This time last year Philip Hammond was the Foreign Secretary: then came Brexit, Theresa May as Prime Minister, George Osborne’s opportunity to spend more time with his family – or on the after-dinner speaking circuit – and Mr Hammond’s move into 11 Downing Street.
He delivered his first Autumn Statement in November of last year – and promptly announced that it would be his last Autumn Statement. “No other major economy makes hundreds of tax changes twice a year and neither should we,” he said, declaring that in future he would deliver his main Budget in the autumn.
This means that 2017 will see two Budgets before the traditional Spring Budget gives way to a Spring Statement from 2018. So here we are at the last Spring Budget – at least until we get a new Chancellor.
But with Philip Hammond looking certain to remain Chancellor at least until the next General Election in 2020 (let’s discount the rumoured possibility of a snap General Election for now) we should probably get used to the idea of the Autumn Budget.
Click HERE to read our Budget Overview .
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