Autumn Budget date confirmed

October 13, 2021

Rishi Sunak, the Chancellor of the Exchequer has stated that the next UK budget is occurring on the 27th of October 2021. This will be Sunak’s third budget and the first one to return to the Autumn budget schedule that has not been possible because of Brexit and coronavirus pandemic related issues. This means that for 2021, there will be two budgets: one that took place in March and the next budget that is set to occur in October.

The Budget announcement details will be published on a specific section of the GOV.UK website which will receive updates subsequently to completion of the Chancellor’s speech on the 27th of October.

The latest forecasts from the Office for Budget Responsibility (OBR) will also be published alongside the Budget. The OBR has an executive responsibility for constructing the official UK financial and economic forecasts, gauging the government’s performance against fiscal targets, evaluating the sustainability of and risks to the public finances and investigating government tax and welfare expenditure.

In addition to this, Rishi Sunak has also confirmed that the 27th of October 2021 will be when the governments spending plans are set out under the Spending Review 2021. This review will be looking at a three-year period in order to lay down the UK government departments’ budgets and resources for the 2022-23 year and 2024-25 year as well as assigning the administrations’ block grants for the same periods.

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