Chancellor Philip Hammond has announced that this year’s Spring Statement will be delivered on Wednesday 13 March.
The 2019 Spring Statement will be the second of its kind: in the 2016 Autumn Statement, the Chancellor announced a major shake-up of the government’s fiscal timetable. This saw the abolition of the Autumn Statement, in favour of an Autumn Budget and a Spring Statement.
The Spring Statement is now used by the Chancellor as a way of responding to new economic forecasts produced by the Office for Budget Responsibility (OBR), and to discuss long-term issues ahead of the 2019 Autumn Budget.
However, this year’s Statement will be delivered just 17 days before so-called ‘Brexit Day’ – the day that the UK is set to leave the EU – and many expect Mr Hammond to deliver an emergency Budget if the UK leaves the EU without a Brexit deal.
We’ll be commenting on all of the main points from our Twitter account on the day – follow us @EvansEntwistle to keep up to date, and do feel free to direct message with any questions you have on the Statement, and what it means for you and your business.