Speculation rife over ‘Emergency Budget’
1 June: Reports in the mainstream press suggest that an emergency Budget will be held in the week commencing 6 July, but there has been no confirmation from Treasury.
There has been no official government announcement confirming the date of any budget or whether it would be an update on the economy or would include tax measures.
In the Spring Budget on 11 March, the Chancellor indicated that there would be a second Budget in the autumn. However, during the Prime Minister’s appearance in front of the Liaison Committee on 26 May, he mentioned that the government would be bringing forward its economic recovery package in late June, early July.
This was followed by reports in the Sunday Times on 31 May that the Treasury will be bringing forward a “mini-budget” in early July, possibly in the week beginning 6 July.
The government has not commented on these claims.