Spring Budget 2017
14 March 2017
Chancellor of the Exchequer, Philip Hammond, delivered his Spring Budget Statement to the House of Commons on Wednesday 8 March 2017.
MPs debated the Budget Resolutions on Wednesday 8, Thursday 9, Monday 13 and Tuesday 14 March 2017.
Following agreement to the Budget Resolutions, the Finance (No. 2) Bill 2016-17 was brought in and given its formal First Reading.
- Read Votes and Proceedings 14 March 2017, item 4: Ways and Means (Budget Resolutions)
- Follow Bills before Parliament: Finance (No. 2) Bill 2016-17
- Read Parliament Research Briefings: Taxation
- Read current Parliamentary material in Topics: Taxation
- Read Parliament News: Taxation
Spring Budget Statement 2017
The Chancellor of the Exchequer, Philip Hammond, delivered the Spring Budget Statement to the House of Commons on Wednesday 8 March 2017.
- Watch Parliament TV: Spring Budget Statement 2017
- Read Commons Hansard: Spring Budget Statement 2017
Debate on the Budget Resolutions
Response from Leader of HM Opposition and debate on the Budget Resolutions: 8 March 2017
The Leader of Her Majesty's Official Opposition, Jeremy Corbyn, responded to the Budget Statement on 8 March 2017. This was followed by the first day of debate on the Budget Resolutions.
- Watch Parliament TV: Response to the Spring Budget Statement by the Leader of HM Opposition and debate on Budget Resolutions (day one)
- Read Commons Hansard: Response to the Spring Budget Statement by the Leader of HM Opposition and debate on Budget Resolutions (day one)
Debate on the Budget Resolutions: 9 March 2017
The debate on the Budget Resolutions continued on 9 March 2017. The Shadow Chancellor of the Exchequer, John McDonnell, responded to the Budget Statement.
- Watch Parliament TV: Debate on the Budget Resolutions (day two)
- Read Commons Hansard: Debate on the Budget Resolutions (day two)
Debate on the Budget Resolutions: 13 March 2017
The debate was opened by the Secretary of State for Foreign and Commonwealth Affairs, Boris Johnson. The Shadow Foreign Secretary, Emily Thornberry, responded on behalf of HM Opposition.
- Watch Parliament TV: Debate on the Budget Resolutions (day three)
- Read Commons Hansard: Debate on the Budget Resolutions (day three)
Debate on the Budget Resolutions: 14 March 2017
The debate was opened by the Secretary of State for Education, Justine Greening. The Shadow Secretary of State for Education, Angela Rayner, responded on behalf of HM Opposition.
- Watch Parliament TV: Debate on the Budget Resolutions (day four)
- Read Commons Hansard: Debate on the Budget Resolutions (day four)
Related information
House of Commons Library analysis
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 background briefing papers on the Spring Budget 2017.
- Read Commons Library briefing paper: Spring Budget 2017: A summary
- Read Commons Library briefing: Spring Budget 2017: Background briefing
- Read House of Commons Library blog: economy and business
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'.
Finance Bill
At the end of the debate on the Budget MPs decide on the motion to amend the law and the Budget Resolutions. If the motions are agreed a Finance Bill founded on the resolutions is then 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 Budget debates, but they require the Finance Bill to give them permanent legal effect.
The Budget and annual Finance Bill: Parliamentary procedure
Find out more about the role of Parliament on taxation, the Budget and the annual Finance Bill.