Autumn Statement – or Autumn Budget?
Chris Sanger, Head of Tax Policy at EY, said:
“Upon coming to power, the Coalition Government abolished the need for the Government to produce a Pre-Budget Report, replacing this mini-Budget with an economic statement called the Autumn Statement, arguing that policy needs longer in gestation. In contrast, today’s Statement, to be followed by draft legislation the next week, was far less of an economic statement, not even a mini-Budget. So now it seems we should expect Budgets every six months.”