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Chancellor calls early Budget to fit round Brexit talks | |
(35 minutes later) | |
This year's Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November. | This year's Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November. |
The date of the Budget, 29 October, also fits in with ministers' availability and official data releases, a Treasury spokesman said. | The date of the Budget, 29 October, also fits in with ministers' availability and official data releases, a Treasury spokesman said. |
The Budget will also be a week after a high profile Brussels Brexit summit, and is expected to be a means to reassure markets. | |
Mr Hammond gave the date in a tweet. | |
He said the government's "balanced approach" to the economy is "getting debt falling". | He said the government's "balanced approach" to the economy is "getting debt falling". |
Budgets are traditionally given on a Wednesday. | Budgets are traditionally given on a Wednesday. |
This year the Wednesday in the final week of October is Halloween, although the BBC understands that this was not a factor in choosing the Monday of that week to deliver the Budget. | This year the Wednesday in the final week of October is Halloween, although the BBC understands that this was not a factor in choosing the Monday of that week to deliver the Budget. |