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

Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read
Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read