MSE News: Chancellor's emergency fiscal budget - Jeremy Hunt overhauls tax and energy reforms 17 October 2022 at 10:36AM in Cutting tax 6 replies 672 views

MSE_Helen_K

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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Grumpy_chap

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

There should be one in March.

RobM99

A "Fiscal event" is an anagram of Festive Clan!

Grumpy_chap

Jeremy535897 said:

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

That is the current situation, yes. Main budget in March.

handful

Jeremy535897 said:

That is the current situation, yes. Main budget in March.

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