The British government will in November present its first budget since the country voted to leave the European Union, the Treasury announced on Thursday. New finance minister Philip Hammond will give his first Autumn Statement to lawmakers exactly five months after the referendum backing Brexit. "The chancellor of the exchequer, Philip Hammond, has today announced that he will present his first Autumn Statement to parliament on 23 November 2016," the Treasury said.
As well as tax and spend plans, the budget will include the Conservative government's latest forecasts for British economic growth. The Autumn Statement is seen as a mini-budget before the main tax and spend announcements given usually in March.