Spring Statement 2019
05/02/2019

The Chancellor, Philip Hammond, has announced that he will deliver his Spring Statement to the House of Commons on Wednesday, 13 March 2019. The timing of the statement is interesting as the Spring Statement is due to take place just over 2 weeks before the 29 March Brexit withdrawal date.

This will be the second Spring Statement to take place following the government’s decision to switch to a new cycle with the annual Budget taking place in the autumn, and the annual Statement taking place in the spring.

The Spring Statement is used to give an update on the state of the economy and will respond to the economic and fiscal forecast published by the independent Office for Budget Responsibility. The Spring Statement will also be an opportunity for the government to publish consultations, including initiating early-stage calls for evidence and consultations on long-term tax policy issues.

The Chancellor has previously said he will not make significant tax or spending announcements at the Spring Statement unless the economic circumstances require it. However, given the current uncertainties regarding Brexit, there could be scope for further material announcements to be made at the Spring Statement or more likely after the 29 March 2019, especially if we have a ‘no deal’ Brexit.


About Us

Established in 1991 based in Epsom Surrey, CWM use technology to its fullest extent enabling us to work with clients based anywhere, with maximum efficiency resulting in lower costs.

Accreditation

 icaew logo 

   

    

sage1   xero transparent

Contact Us

1a High Street
Epsom
Surrey
KT19 8DA
Phone: 01372 727333
Email: info@cwmaccountants.com

Newsletter Sign Up

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login