If there was a measure of stability in UK politics, we would be expecting the usual dispatch-box presentation by the Chancellor before Christmas. The annual budget is usually presented in November each year.
This may still happen this year, but present uncertainties regarding the Brexit outcome and the present government’s slim majority may scupper that timetable – we may have two budgets this Autumn or none at all.
Never-the-less, we will advise if and when a date is agreed. If we do leave the EU with no-deal, gripping the sides of your chair may be in order as the fiscal changes required (changes to taxation) to meet the resulting economic consequences, may be significant.
We will keep you posted.
If you would like to discuss this article in more depth, please contact DSC Accountants in Skipton on 01756 691065, Harrogate on 01423 560547 or Leeds on 0113 243 3559.