View more on these topics

Chancellor to scrap Autumn Statement

Philip Hammond 620px

Chancellor Philip Hammond has delivered his last Autumn Statement as he shakes up the timetable for the Government’s economic and financial statements.

Hammond says: “No other major economy makes tax changes so many times a year and neither should we.”

He adds the spring Budget in March will be the final one, and then the Chancellor will deliver an autumn Budget.

Hammond this will allow tax changes to be considered ahead of the new tax year.

He says: “We will not make significant changes twice a year just for the sake of it. This will bring greater parliamentary scrutiny, is long overdue and brings the UK into line with other countries.”

Recommended

Government to launch £2.3bn Housing Infrastructure Fund

The Government is launching a £2.3bn Housing Infrastructure Fund to deliver infrastructure for up to 100,000 new homes in areas of high demand, according to Chancellor Philip Hammond. The Chancellor also announced an additional £3.15bn for 90,000 new houses in London. Delivering the Autumn Statement today, Hammond said home ownership was still impossible for many. […]

Toni-Smith-700.jpg

Chancellor called on to cut stamp duty for FTBs

Chancellor Phillip Hammond has been called on to cut stamp duty on housing transactions for first-time buyers in the Autumn Statement. First Complete sales operation director Toni Smith says the government should help FTBs to get on the property ladder by increasing the threshold or exempting them from paying stamp duty on house purchases, up […]

Parliament-UK-London-Thames-Building-700x450.jpg

Chancellor to deliver first Autumn Statement on 23 November

Chancellor Philip Hammond has announced he will present his first Autumn Statement to Parliament on 23 November. In a bid to ensure the UK economy keeps on growing post-Brexit, it is expected housebuilding as well as public infrastructure projects will form the foundations of his plans. The statement will also include the latest economic forecasts […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

Newsletter

News and expert analysis straight to your inbox

Sign up