Philip Hammond announces 2018 Autumn Budget date

Unusual Monday spot

Hannah Godfrey
clock • 1 min read

The Autumn Budget will take place on Monday 29 October, Chancellor of the Exchequer Philip Hammond has confirmed.

The day will see the second Autumn Budget since Hammond abolished the Autumn Statement in 2016, and moved the then-Spring Budget to the autumn.  The announcement is likely to fuel speculation on changes to pensions tax relief, and the cost and implementation of saving for social care. This year, the Budget will fall on a Monday, rather than its usual Wednesday spot. According to Spectator editor and Telegraph columnist Fraser Nelson, the change in day is to avoid inevitable ghoulish headlines accompanying Budget stories written on Halloween. He tweeted: "Why a Monday? Hammond wante...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Hitting milestones later in life could impact when people seek advice

Hitting milestones later in life could impact when people seek advice

People will likely be seeking financial advice later

Laura Suter
clock 19 April 2024 • 3 min read
Regulatory pressures taking a toll on industry stress levels

Regulatory pressures taking a toll on industry stress levels

'Regulatory pressures are the first thing on my mind’

Sahar Nazir
clock 19 April 2024 • 1 min read
Advisers blast FCA funding requirement of £755m 'inexorable'

Advisers blast FCA funding requirement of £755m 'inexorable'

‘I don’t really know what value I’m getting from the FCA – if any’

Hope Coumbe
clock 19 April 2024 • 2 min read