Blog

Tory Chancellor Philip Hammond is gearing up for his address to MPs
6 March 2018

Tory Chancellor Philip Hammond is gearing up for his address to MPs on the nation's financial health on Tuesday 13th March at 12.30pm. This year things will look very different to previous years. Instead of a full Budget, we are getting a slimmed-down 'Spring Statement'.

In 2016 the Tory Chancellor announced he was moving the Budget from Spring to Autumn. So instead of the Autumn Statement there's now a Budget, and instead of the Budget there's now a Spring Statement.

Mr Hammond told MPs in 2016: "No other major economy makes hundreds of tax changes twice a year, and neither should we. If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement. But I won’t make significant changes twice a year just for the sake of it."

He added the timing would align better with international best practice and give Parliament more time to scrutinise each Budget. He will respond to predictions from the independent Office for Budget Responsibility, they will show things like the projected GDP growth and borrowing for the UK government in future years.

There will be no red box, no official document, no spending increases, no tax changes.


Back to Blog Articles

"We have worked with Dutton Moore for many years and have always received a first-rate service. The team at Dutton Moore provide us with invaluable accountancy, strategic planning and business advice as we continue to be a growing business in this region."

Simon Gibson, Director at Simon Gibson Transport Ltd, Goole, East Yorkshire

Grain merchants and farmers, Burstwick, East Yorkshire:
"We have been clients of Dutton Moore for more than 20 years – they carry out all our accountancy work and business advice, their service and attention to detail is outstanding."

Jeremy Saunt, Director at Johnson and Saunt

"Dutton Moore are an excellent provider of financial services for significant Hull based businesses such as Smales. We have worked with the firm for many decades and are guaranteed sound financial and business advice, alongside the general accountancy services that they provide. What is key for my Company is the direct involvement of the partners with the Smales management."

Robin Orr B.Com; C.A; C.T.A, Financial Director, F.Smales & Son (F.M.) Ltd, Hull

"Having worked with Dutton Moore for many years now, we have always found the service extremely professional, prompt and courteous. As a growing business over the years their advice has been exemplary and without their valuable assistance in accounting and strategic planning we would have found the many transitions of growth a lot more challenging."

Richard Spencer, Commercial Director, Spencer Signs Ltd, Hull

from our blog...

More     +
Monday, October 29th, 2018

Commenting on today's budget day...

Commenting on today’s budget, Managing Partner Tony Bullock……this is a budget for working families and it’s a positive one. This looks to be the end of austerity after eight years of hard work to get the country back on its feet. We have economic growth which is forecast to continue. The budget is putting money back into the economy for example £20 billion over f...

Monday, September 17th, 2018

Putting your affairs in order...

To help all our clients, existing and new, we have produced a new brochure outlining how we can provide you with a Will writing service and write your Lasting Power of Attorney. Traditionally people have had to go to a law firm to prepare these vital documents. We at Dutton Moore can provide the services and taking this route with us will prove to be more cost effective....

Wednesday, September 5th, 2018

Good luck for the year ahead to all students...

Good luck for the year ahead to all students starting or returning to their studies at the acclaimed Ron Dearing University Technical College (UTC) tomorrow morning. Our Managing Partner Tony Bullock is a Member of the organisation alongside Charlie Spencer and Alan Speight, together they oversee the Trust Board. Tony is delighted to continue to support the city-c...