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The UK Moves from March to December Budgets
Author(s) -
DILNOT ANDREW,
ROBSON MARK
Publication year - 1993
Publication title -
fiscal studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.63
H-Index - 40
eISSN - 1475-5890
pISSN - 0143-5671
DOI - 10.1111/j.1475-5890.1993.tb00345.x
Subject(s) - citation , library science , fiscal year , management , economics , operations research , sociology , finance , computer science , engineering
Barring any very unexpected developments, next month’s Budget Speech by the Chancellor of the Exchequer will be the last such speech to occur in March for the foreseeable future (and perhaps for ever) in the UK. As part of last year’s budget package, the Government published a White Paper on budgetary reform (HMSO, 1992) which announced that in future, Budget Speeches would be made in December of each year rather than in March as at present. However, the tax year will continue to begin in April, so that the lead time between the announcement of tax proposals in the Budget and the coming into force of most of them will be extended from about three weeks to about 16.