{"id":97,"date":"2016-12-01T00:00:00","date_gmt":"2016-12-01T00:00:00","guid":{"rendered":"http:\/\/duffyregan.wpengine.com\/index.php\/2016\/12\/01\/philip-hammonds-last-autumn-statement\/"},"modified":"2016-12-01T00:00:00","modified_gmt":"2016-12-01T00:00:00","slug":"philip-hammonds-last-autumn-statement","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2016\/12\/01\/philip-hammonds-last-autumn-statement\/","title":{"rendered":"Philip Hammonds last Autumn Statement"},"content":{"rendered":"<p>\n\tPhilip Hammond surprised MPs when he ended his Autumn Statement by saying:<\/p>\n<p>\n\t<em>This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with the Prime Minister, I have decided that it will also be my last.<\/em><\/p>\n<p>\n\tThis was quickly followed by:<\/p>\n<p>\n\t<em>Mr Speaker I am abolishing the Autumn Statement.<\/em><\/p>\n<p>\n\t<em>No other major economy makes hundreds of tax changes twice a year, and neither should we.<\/em><\/p>\n<p>\n\t<em>So the spring Budget in a few months will be the final spring Budget.<\/em><\/p>\n<p>\n\t<em>Starting in autumn 2017, Britain will have an autumn Budget, announcing tax changes well in advance of the start of the tax year.<\/em><\/p>\n<p>\n\t<em>From 2018 there will be a Spring Statement, responding to the forecast from the OBR, but no major fiscal event.<\/em><\/p>\n<p>\n\t<em>If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won&rsquo;t make significant changes twice a year just for the sake of it.<\/em><\/p>\n<p>\n\t<em>This change will also allow for greater Parliamentary scrutiny of Budget measures ahead of their implementation.<\/em><\/p>\n<p>\n\tSo there we have it, from 2017, Budgets will be announced in the autumn, and economic forecasts in the spring.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>Philip Hammond surprised MPs when he ended his Autumn Statement by saying: This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with the Prime Minister, I have decided that it will also be my last. This was quickly followed by: Mr Speaker I am abolishing the Autumn Statement. No other [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-97","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=97"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/97\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}