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The Budget has been announced for 6 November, with Chancellor Sajid Javid saying it will be “the first budget after leaving the EU”.
“This is the right and responsible thing to do – we must get on with governing,” he said.
It will be Mr Javid’s first Budget since he became chancellor in July.
The Budget date is normally announced in September. Mr Javid said the Budget would detail the government’s plans to “shape the economy for the future”.
BBC assistant political editor Norman Smith said that in the event of a no-deal Brexit, the full Budget would be delayed and the 6 November announcement would be “a simple economic statement”.
Understand if there is No deal, then Budget will be delayed for several weeks – and Nov 6 will just be an economic statement
— norman smith (@BBCNormanS) October 14, 2019
The Budget is the government’s yearly announcement on its plans for tax and spending for the coming financial year, which starts in April 2020.
There are expectations that the chancellor could relax the government’s borrowing rules to give him more spending power.
The rules state that borrowing should remain below 2% of national income, at about £46bn.
Mr Javid has already suggested he is prepared to borrow more to take advantage of current record-low borrowing costs, and has previously said he plans to review the borrowing rules.
In August’s spending review, Mr Javid declared the government had “turned the page on austerity, announcing its largest increase in spending for 15 years.
Naming the date of a Budget is a sign from the chancellor to communicate that at least some Treasury business continues as normal.
But there is nothing routine about a government yet to win a vote in the Commons, trying to pass a Budget.
In theory there will be measures to boost infrastructure, spending and some taxes.
But if there is a no-deal Brexit, the Treasury will instead turn its focus on giving immediate support to the economy, businesses and households.
So, in that case, there would be a delay to the Budget.
In a no-deal scenario, there might be some extra scope for a cut to VAT which could be part of a general fiscal stimulus package for the economy.
Whatever happens, a new set of budget numbe