6 November Budget scrapped
The government has cancelled its plans for a Budget on 6 November following further delays to the Brexit process.
As late as yesterday Chancellor Sajid Javid (pictured) had been insisting that the Budget would still take place despite the ongoing Brexit deadlock.
However it has now been cancelled as Prime Minister Boris Johnson pushes for a General Election on 12 December.
It remains unclear if he can get the two thirds of MPs required to call an election.
And the Chancellor has backed the calls for an Election on Twitter.
This Parliament has run its course. We must have an election as soon as possible to break this deadlock and decide the future for our country. 1/3
— Sajid Javid (@sajidjavid) October 24, 2019
Javid had previously said he would use the Budget to signal “the start of our infrastructure revolution” and had been hinting at scrapping Inheritance Tax.
The mortgage industry had also been hoping for stamp duty reform – however it now appears that any potential change will have to wait.
European Union ambassadors are meeting today to work out the timescales for a Brexit extension and Labour has said that the length of the extension will dictate their views on an Election.