Philip Hammond announces Autumn Statement on 23 November

Philip HammondImage copyright
AP

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Philip Hammond was allocated chancellor in Theresa May’s new government

Chancellor of a Exchequer Philip Hammond will broach his initial Autumn Statement on Wednesday 23 November.

Mr Hammond announced a date of a Budget when he began giving justification to a House of Lords committee.

It will set out a government’s taxation and spending plans, and a state of a UK economy.

In July, Mr Hammond pronounced he might use a Autumn Statement to “reset” mercantile policy, in light of a UK’s opinion to leave a EU on 23 June.

Appearing before a Lords cabinet on Thursday, Mr Hammond said: “The Autumn Statement will set out a government’s mercantile and mercantile skeleton formed on a latest forecasts from a Office for Budget Responsibility.

“In a run-up to a Autumn Statement we will be enchanting with Britain’s business leaders and worker member by a array of attention turn tables, meetings and visits.”

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