Budget expected to herald 'end of austerity' - press reports

Brexit deal crucial, though

clock • 2 min read

Chancellor of the Exchequer Philip Hammond is set to call "the end of austerity" in this afternoon's Budget, according to reports, while warning of the need for a new Budget if the UK is unable to reach a Brexit deal.

When he stands up to present his third Budget speech as chancellor around 3.30pm today, Hammond will caution that "a brighter future of tax cuts and higher public spending will be wrecked if Britain does not secure a good Brexit deal", reports the Financial Times. The chancellor, the paper continues, "buoyed by an unexpected £13bn windfall of higher-than-expected tax receipts, will loosen the public spending taps with more money for strained public services, including an extra £2bn a year for mental health". This aspect of the Budget is picked up by the Times, which predicts Hammond w...

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

PA Awards 2026: Entries for all categories now open!

PA Awards 2026: Entries for all categories now open!

Our 21st anniversary awards will be held in London next March

Professional Adviser
clock 09 July 2025 • 1 min read
Plannr integrates SmartSearch anti-money laundering checks into adviser workflows

Plannr integrates SmartSearch anti-money laundering checks into adviser workflows

System aims to streamline client onboarding

Sahar Nazir
clock 09 July 2025 • 1 min read
More than half of advisers have seen clients negatively affected by finfluencers

More than half of advisers have seen clients negatively affected by finfluencers

‘Advisers are becoming, in many cases, financial paramedics'

Isabel Baxter
clock 09 July 2025 • 2 min read