Chancellor of the Exchequer Philip Hammond has given his first
Autumn Statement to the House of Commons and announced that it
would also be his last.
On 23 November 2016, UK Chancellor of the Exchequer Philip
Hammond gave his first Autumn Statement to the House of Commons and
announced that it would also be his last. However this was not a
surprise resignation at the end of his speech, but an announcement
of a timetable change for future years.
From next year, the Budget will be announced in the Autumn
followed by a statement the following Spring responding to economic
forecasts. Mr Hammond announced that he does not intend to make tax
changes in the Spring statements; time will tell if this promise
will be met. This Autumn Statement was the Chancellor's first
opportunity, since the 23 June referendum, to outline the UK
government's plans on spending and taxation. The following is a
summary of what Chancellor Hammond said, and a brief overview of
some of the
