Philip Hammond’s first Autumn Budget started with a sequence of humorous statements, including referring to Theresa May’s coughing pout at the Conservative Conference. However, he soon got down to business and delivered his hour-long Budget speech, announcing changes that will impact on contractors, freelancers and small businesses. Here is our summary.
The 2017 Spring Budget is set for Wednesday 8 March. This will in fact be the last Budget announcement to take place in the Spring, as from now on Budgets will feature in the Autumn. The purpose of the Budget announcement is to deliver the financial and economic position of the UK, based on information by the Office for Budget Responsibility, and also present forecasts for spending plans in the year ahead. What can we expect this year?