Why is there no budget this March?

Why is there no budget this March?
 

It was announced with a flourish in 2016; the Spring Budget of the following year would be the last.
Philip Hammond, the Chancellor, said he was frankly a bit weary of two major announcements on tax and spending every year: a budget in the spring and a "statement" in the autumn - which had morphed into pretty much the same thing.
No sooner had the Treasury finished one, it had to start preparing for the other.
Fiddling with tax rates and casting around for new spending commitments meant that frenetic activity often took the place of considered policy making.
Time for consultation... read more

 
11 March 2018 in Business, Views: 55
Source: BBC
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