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

L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read
Reeves faces pressure on tax promises as Trump tariffs threaten UK growth

Reeves faces pressure on tax promises as Trump tariffs threaten UK growth

EY Item Club downgrades UK growth forecast to 0.9% for 2025

Sahar Nazir
clock 28 April 2025 • 3 min read