This year’s Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November. The chancellor has said he would reveal the government’s spending plans for next year on 29 October.
Traditionally budgets are on a Wednesday however, this year the budget falls on a Monday, exactly five months before Britain is due to leave the EU.
Hammond’s 2018 Autumn Budget will be the final tax and spending changes speech before Britain leaves the EU.
The Chancellor announced the news in a tweet yesterday
“I’m pleased to announce the Budget will take place on 29 October.
I’ll set out how our balanced approach is getting debt falling while supporting our vital public services, and how we are building a stronger, more prosperous economy.”