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The UK government has just announced that the Autumn Budget will be on 27 October. On that day the Government will set out the plan for how public spending will deliver the people’s priorities for the next three years.

The Chancellor has already announced departmental spending will increase by 4% over the next three years of this Government but the allocation of that spending is now up for grabs.

The UK has a well-established budgeting framework, through which a spending review is carried out approximately every 3 years to allocate funding to departments. This provides certainty for departments to plan ahead. At Spending Review 2021, the government will consider its priorities across all spending over multiple years.

The Budget is a statement made to the House of Commons by the Chancellor of the Exchequer on the nation’s finances and the Government’s proposals for changes to taxation. The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR). The House of Commons debates the Budget and scrutinises the subsequent Finance Bill, which enacts the Chancellor’s proposals.

HM Treasury has now also launched its consultation on how the budget should be allocated. As it says on its website, “It welcomes representations to be considered as part of decisions which will be taken as part of the Budget and Spending Review. The views of stakeholders are gratefully received.”

Are you an interest group, individual or representative bod? The how you should submit a written representation to HM Treasury commenting on government policy and/or suggesting new policy to be considered as part of the upcoming Budget and Spending Review is laid out online here.

The representations portal for Autumn Budget and Spending Review 2021 is now open.

HM Treasury will gratefully accept submissions until 5pm on 30 September 2021. Go for it!

David Little is a Partner at Bishop & Sewell in our expert Corporate & Commercial Team. You can contact him on 020 7631 4141 or you can email company@bishopandsewell.co.uk.

The above is accurate as at 07 September 2021. The information above may be subject to change during these ever-changing times.

The content of this note should not be considered legal advice and each matter should be considered on a case-by-case basis.


Category: News | Date: 7th Sep 2021


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