Autumn Budget date announced – Monday 29 October
26 September 2018
The Chancellor has announced via Twitter that the Budget will take place on Monday 29 October, earlier than has been speculated, due to mounting concern over current Brexit negotiations.
According to the Chancellor’s tweet:
“I’ll set out how our balanced approach is getting debt falling while supporting our vital public services, and how we are building a stronger, more prosperous economy.”
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CIPP comment The Chancellor said he was “pleased to announce the Budget will take place on 29 October…” - we too are certainly pleased that he did and we welcome the earlier than anticipated date. We voiced our concerns this week about the delay in providing a Budget date, not least because the details of any changes to processes for payroll and pensions payroll must be provided well ahead of the start of the 2019-20 tax year to allow software developers to make necessary amendments. Announcing the Budget on a Monday is certainly a shift from the normal mid-week statements and according to BBC News a Treasury spokesman said that it also fits in with ministers’ availability and official data releases. The CIPP policy team will provide live coverage on Twitter during the Budget announcement and will also provide a concise summary after the event detailing all the ‘need to know’ information relevant for payroll, pensions and reward. |