Print

The Treasury has announced that there will be two budgets in 2021. The Autumn 2021 budget will take place on 27 October 2021. The Office for Budget Responsibility (OBR) will prepare an economic and fiscal forecast which will be presented alongside the Autumn Budget and 2021 Spending Review on 27 October 2021.

HM Treasury has opened a process for the Spending Review and Autumn Budget to allow external stakeholders to submit representations. Representations can be submitted online by 30 September.

Chancellor Rishi Sunak summarises his spending plans over the next three years:

The Chancellor says that spending plans will be underpinned by a focus on ensuring every pound of taxpayer funding is well-spent. Departments have therefore been asked to identify at least 5% savings and efficiencies from their day-to-day budgets as part of these plans, which will be reinvested in priorities.

Sources

Chancellor launches vision for future public spending

Autumn Budget & Spending Review 2021 representations


Squirrel pic


Are you enjoying our content? 

Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.

Register with us now to receive our unique FREE Tax Planning Tips and Advice Guide & our FREE OMB Newsletter.