MSE News: Chancellor's emergency fiscal budget - Jeremy Hunt overhauls tax and energy reforms

A host of measures designed to curtail the impact of September's mini-Budget on the markets, and on consumers, have today been revealed in an emergency statement by the Government...

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'Chancellor's emergency fiscal budget - Jeremy Hunt overhauls tax and energy reforms: Here's what you need to know'

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Comments

  • Grumpy_chap
    Grumpy_chap Posts: 17,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    So, we had the mini-budget.
    Now, the mini un-budget.
    In a fortnight, there will be the fiscal statement.

    Normally, in recent years, Autumn brings the actual Budget and the Spring brings the Spring Statement.

    Will there be an actual Budget at any time?
  • Jeremy535897
    Jeremy535897 Posts: 10,709 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    There should be one in March.
  • RobM99
    RobM99 Posts: 2,665 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    A "Fiscal event" is an anagram of Festive Clan!
    Now a gainfully employed bassist again - WooHoo!
  • Grumpy_chap
    Grumpy_chap Posts: 17,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    There should be one in March.
    That is how it always used to be.  Budget in March to set the strategy and big-ticket stuff and Autumn Statement around now to tweak.
    There was sometimes criticism of that as tax changes announced in March and effective from April did not allow businesses much time to respond, or to put systems in place to administer.

    Of late, after a few false-starts, the system seemed to change to Budget setting the strategy around now and Spring Statement to tweak.

    Have we reverted to Budget in March and Autumn Statement?

    Of course, this year, we are getting an autumn statement every time another apple falls...
  • Jeremy535897
    Jeremy535897 Posts: 10,709 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    That is the current situation, yes. Main budget in March.
  • handful
    handful Posts: 560 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    That is the current situation, yes. Main budget in March.

    And probably another mini budget before that from the new PM that replaces Truss!
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