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Hammond says autumn price range could also be lower than 10 weeks away

LONDON (Reuters) – British Chancellor Philip Hammond stated on Tuesday that he had but to repair a date for the government’s annual price range, due earlier than the top of the yr, however that it might be lower than 10 weeks away.

Britain’s Chancellor of the Exchequer Philip Hammond leaves Downing Street in London, September 11, 2018. REUTERS/Toby Melville

Hammond informed members of parliament in Britain’s higher home that the timing of the price range had been difficult by the prospect of a particular European Union council assembly in November.

Still, Hammond stated he had requested the Office for Budget Responsibility to start planning for a price range and not using a agency date. Typically, the finance ministry provides the OBR 10 weeks’ discover of the exact date of the price range, however it could waive this in distinctive circumstances, Hammond stated.

Reporting by Andy Bruce, enhancing by David Milliken

Our Standards:The Thomson Reuters Trust Principles.

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