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Autumn Budget

[ˈɔːtəm ˈbʌʤɪt]



The Autumn Budget is a declaration made by the Chancellor that outlines plans for government spending and taxation. It happens once a year.

More detail:

The Autumn Budget is an annual financial statement delivered by the Chancellor of the Exchequer in the United Kingdom. In this statement, it outlines the government's spending plans and proposed tax changes for the coming year.

It is one of two major financial statements given throughout the year. The Spring Statement is the other one

Historically, the budget was announced in the spring but was moved to the autumn in 2017 to allow time for new legislation to pass before the start of the Fiscal Year.

Announcements about Income Tax and Corporation Tax are always included as well as other changes, so it is important to monitor which changes will affect you.

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