Budget to be held on 22 November, Chancellor Hammond says

Chancellor Philip Hammond will deliver the government's first budget of the parliament on Wednesday 22 November, the Treasury confirmed on Wednesday afternoon.

Following the shake-up the Chancellor announced last year, there will now only be one fiscal budget per year, held in the autumn.

"From 2018 there will be a spring statement, responding to the forecast from the OBR, but no major fiscal event," the Treasury said.

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