Chancellor of the exchequer philip hammond has informed mps on the treasury select committee that the subsequent financial statement, that is now referred to as the spring statement, could be on 13 march 2018.
For the beyond two decades, the chancellor has delivered the budget within the spring.
However, mr hammond has modified that so the budget is now in the autumn.
Mr hammond said the spring announcement might not be a "predominant monetary occasion", however might speak longer-time period problems.
It might also set out the state-of-the-art authentic financial forecasts.
Finances 2017: so, farewell then spring budget...
Mr hammond introduced his 2d budget as chancellor on 22 november and the first in march of this year.
He said ultimate 12 months that he desired to simplify the entire business of putting taxes and authorities spending, which had emerge as too complicated, involving no longer simply one, but occasionally budgets a yr.
So, he introduced, spring budgets could end up autumn ones, even as the other huge set-piece event, the fall declaration, might switch to the spring.
This assertion could be a response to forecasts from the workplace for finances obligation.
