The Chancellor of the Exchequer, Sajid Javid, has announced that he is planning to hold his first Autumn Budget 2019 on Wednesday, 6 November 2019. However, this date is based on the UK leaving the EU with a deal on 31 October 2019. At the time of going to press, this was certainly not a foregone conclusion.
The Chancellor did confirm that if the UK leaves the EU without a deal then the Government would act quickly to announce emergency measures to support the economy, businesses and households. This would then be followed by a Budget in the weeks thereafter. No announcement was made as to what will happen if there is a further extension to Brexit.
The Chancellor said:
‘This will be the first Budget after leaving the EU. I will be setting out our plan to shape the economy for the future and triggering the start of our infrastructure revolution. This is the right and responsible thing to do – we must get on with governing.’
HM Treasury has also confirmed that the opportunity to submit representations for the Budget 2019 is now available. A Budget representation is a written representation from an interest group, individual or representative body to HM Treasury with the aim of commenting on Government policy and / or suggesting new policy ideas for inclusion in the Budget. Any submissions should be sent to HM Treasury by 30 October 2019.
Details of all the Budget announcements will be made on a special section of the GOV.UK website which will be updated following completion of the Chancellor’s speech.
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