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Autumn Budget date announced

Chancellor Philip Hammond has announced that 2018’s Autumn Budget will take place on Monday 29 October.

Traditionally held on a Wednesday, the announcement comes as a surprise considering that only a couple of weeks ago Hammond suggested that the budget could be delayed due to a November EU summit, where the final details of Brexit may be agreed upon.

Speculation begun several weeks ago that the government would finally look to pension tax relief as a way to fund NHS and social care spending promises.

One detail the mortgage industry will also be keeping its ears peeled back for is direction on the future of the Help to Buy scheme, the future of which has come under much scrutiny.

The chancellor may also shed light on rumours of a stamp duty increase for buy-to-let landlords, which first appeared in early August. At the time, Keystone Property Finance chief executive David Whittaker described the possibility of such a move as “disastrous for the country.”

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