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Brexit causes delay on Budget

 

On 14 October, the government announced that the Chancellor of the Exchequer (currently Sajid Javid) would present his Budget Statement to the House of Commons on 6 November.

But that was before the government lost yet another vote in Parliament, this one over the timetabling of the Withdrawal Agreement Bill (WAB) which legislates for Brexit. The WAB must pass through all its stages in Parliament before the UK can ratify the Withdrawal Agreement and leave the EU. This means that Brexit cannot now happen on 31 October as the Prime Minister promised.

“Number 10 sources”, are obviously outraged that their best-laid plans have been thwarted, so alternative strategies are being wheeled out.

 

Cited: Rebecca Cave, Tax Writer, Accounting Web.

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