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
- Watch Parliament TV: Autumn Budget debate
- Read Commons Hansard: Autumn Budget, continuation 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.
- About Parliament: The Budget and Parliament
- About Parliament: Check and approve Government spending and taxation
- Gov.UK: Autumn Budget 2017 (external site)
- Read current Parliamentary material in Topics: Economy and Finance
- Parliament News: Economy and Finance
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:
- Read Parliament Research Briefings: Autumn Budget 2017: A summary
- Read Parliament Research Briefings: Autumn Budget 2017
- Read Parliament Research Briefings: Economic Indicators, Budget Update
- Read Parliament Research Briefing: The Budget and the annual Finance Bill
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