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Budget report 2018

A to Z guide to the key tax measures.

The chancellor of the exchequer Philip Hammond delivered his Budget on 29 October 2018. Breaking with tradition this Budget was delivered on a Monday afternoon rather than the usual Wednesday lunchtime slot (with the government having denied that the move to Monday was to avoid a Halloween Budget and the inevitable gift to headline writers although the chancellor couldn't resist squeezing in a few Halloween jokes into his speech). This was also earlier in the year than usual for a Budget in the autumn in order we understand to avoid a clash with the final stages of Brexit negotiations.
 
In the midst of the rising political pressure surrounding the Brexit negotiations the chancellor hadn’t been expected to announce any major new tax initiatives in this Budget....

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