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Spring Statement 2019 Date Confirmed

7th February 2019

The Chancellor of the Exchequer, Philip Hammond, has announced this year's Spring Statement will take place on March 13th 2019.

It's set to be a low-key event without any fiscal announcements or changes to tax legislation; it was decided previously that they now only take place once annually at the Autumn Budget.

The exception to this may be the status of Brexit.

In a statement to the House of Commons, the chancellor said that he would use the Budget in the autumn to set out the total public spending envelope for years beyond 2020. Then a full departmental Spending Review in 2019 will set out the departmental allocations across government.

"That is how responsible people budget," he said. "First you work out what you can afford. Then you decide what your priorities are. And then you allocate between them."

However, should we leave the EU with no deal, the Statement may be upgraded to a full fiscal review at the last minute. 

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