Autumn budget date delayed

Chancellor Philip Hammond has yet to fix a date for the autumn budget because he hopes that a Brexit deal could be settled at a November EU summit, The Times reports.

Speaking at Treasury Questions in the Commons, the chancellor said that he doesn’t want the budget to clash with the last stage of negotiations with the EU, and that the Office for Budget Responsibility, which is usually given 10 weeks’ notice of budget dates, is currently on “standby.”

Hammond added that the possibility of a Brexit deal being struck in six to eight weeks, an idea floated by EU chief Brexit negotiator Michel Barnier, was “doable.”

As Andrew Montlake wrote in his lastest Market Watch column ‘The only certainty is uncertainty’ this month, the mortgage industry will be paying particular attention to the budget this year for news over the future of the Help to Buy scheme, over which rumours have been swirling recently.

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