All eyes on the new Chancellor this Autumn

Published on 10th October 2016

Soon after taking up his post, the new Chancellor Philip Hammond ruled out the ‘emergency Brexit Budget’ threatened by his predecessor George Osborne during the referendum campaign, but hinted that under the leadership of Theresa May the Government might take a new approach to fiscal policy, including easing ‘austerity’ and abandoning the goal of reaching a surplus by 2020.

The Autumn Statement is likely to be the first opportunity for Mr Hammond to introduce new fiscal and tax measures and to indicate the direction the new Government will take in the light of the Brexit negotiations. As recent months bear testament, in politics a great deal can change very quickly, but we will be keeping up-to-date with the latest announcements.