Autumn Budget 2017

27 November 2017

Chancellor of the Exchequer, Philip Hammond, delivered his Budget Statement to the House of Commons on Wednesday 22 November 2017.

MPs debated the Budget over several days. Each day of debate covered a different policy area.

Tuesday 28 November: day 4 of debate

Day 4 of the debate concluded with a division on Budget resolution 28 which concerned the bank levy (Division 49). The remaining Budget amendments were passed without a vote.

Monday 27 November: day 3 of debate

Thursday 23 November: day 2 of debate

Wednesday 22 November: Autumn Budget 2017

Related information

What happens after the Budget Statement?

Following the Budget Statement the Chancellor of the Exchequer moves a motion for the 'Amendment of the Law'. A debate then takes place on the Budget Resolutions and economic situation.

It is customary for the Leader of the Opposition, rather than the Shadow Chancellor, to respond to the speech given by the Chancellor of the Exchequer. The Shadow Chancellor makes his response the day after the Budget Statement.

Some measures in the Budget Statement are brought into effect on Budget day through agreement to a motion on the 'Provisional Collection of Taxes'.

The debate on the Budget Resolutions and economic situation will continue on Thursday 23, Monday 27 and Tuesday 28 November 2017. Each day of debate will cover a different policy area.

Finance Bill

At the end of the debate on Tuesday 28 November MPs will decide on the motion to amend the law, and the Budget Resolutions. A Finance Bill founded on the resolutions will then be brought in and given its formal First Reading.

Budget Resolutions can come into effect immediately if the House of Commons agrees to them at the end of the four days of debate, but they require the Finance Bill to give them permanent legal effect.

Isn't the Budget usually in the spring?

At the 2016 Autumn Statement, the Chancellor announced that the government will move to a single major fiscal event each year. This means Budgets will now be delivered in the autumn rather than in the spring.

Related information

Further information about the Budget, Finance Bills and Parliamentary procedure.

House of Commons Library

The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.

The Library has published a number of briefing papers relating to the Budget that can be read below:

Image: PA

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