There may not be a Budget in its usual time slot this year but we’re not missing out on fiscal information as the Chancellor delivered his first Spring Statement to Parliament yesterday.
This was Mr Hammond’s opportunity to give his response to the forecast from the Office for Budget Responsibility (OBR).
The thinking behind moving the Budget to the Autumn was to simplify the business of setting taxes and government spending so that there would be more time to explain any changes due to come into effect at the start of a new tax year.
Check out the key points in our Spring Statement 2018 Summary.
We’ll leave you with the thought from B.C. Forbes that, ‘It is only the farmer who faithfully plants seeds in the Spring, who reaps a harvest in the Autumn'. Let’s hope the Chancellor’s Spring Statement will yield a good crop in the Budget.
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