The usual fiscal events cycle has been disrupted this year, and the Autumn Budget is no exception. The new Chancellor finally confirmed the budget date for 6 November, only for it to be cancelled last week when it became clear that the UK was heading to a general election. The question of when the Budget will take place is now up in the air again. We know the Chancellor needs to deliver one Budget to the House of Commons per financial year, so the new administration may just decide to combine the Budget with the Spending Review, which is set to take place in spring 2020.
What the CBI called for
But the CBI did submit recommendations to HM Treasury in early October, which means we are ready to go as soon as a new Budget is announced. So what did we include?
From extensive member consultations over the past few months, three overarching