Autumn Statement

In the United Kingdom, the Autumn Statement, at times the Summer Statement (1993–1996) and the Pre-Budget Report (1997–2009), is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the other being the annual Budget. The duty to publish twice annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976.^[1] The first Autumn Statement combined the announcement of this publication with any announced changes to national insurance contributions and the Government's announcement of its spending plans (and publication of the Red Book),^[2] both of which were also made at approximately the same time in the parliamentary year.

In 1993, Conservative Chancellor Kenneth Clarke combined the announcement of spending with the Budget, merging tax and spending announcements. Doing so moved the Budget to November. To fulfill the legal obligation to make two statements, Clarke began the practice of making a Summer Statement focusing on economic growth forecasts.^[3]^[4] Unlike the Autumn Statements preceding them and the Pre-Budget Reports that replaced them, Summer Statements took the form of debate on a motion "that this House welcomes the publication of the Government's latest economic forecast, which..." rather than as a statement to the House of Commons.^[5]^[6]^[7]

In 1997, Labour's new Chancellor, Gordon Brown, moved the Budget back to spring and replaced the second statement with the Pre-Budget Report (PBR). According to the "Code for Fiscal Stability", published by HM Treasury in November 1998, the PBR was intended to "encourage debate on the proposals under consideration for the Budget". The PBR included a report on progress since the Budget, an update on the state of the national economy and the Government's finances, and announcements of proposed new tax measures and consultation papers.^[4]

Conservative Chancellor George Osborne replaced the PBR and its policy announcements in 2010 with a new Autumn Statement focusing on economic growth and government finances as projected by the Office of Budget Responsibility.^[8]

List of statements

Chancellor	Date	Type
Geoffrey Howe	8 November 1982^[2]	Autumn Statement
Nigel Lawson	17 November 1983^[9]
	12 November 1984^[10]
	12 November 1985^[11]
	6 November 1986^[12]
	3 November 1987^[13]
	1 November 1988^[14]
John Major	15 November 1989^[15]
John Major	8 November 1990^[16]
Norman Lamont	6 November 1991^[17]
Norman Lamont	12 November 1992^[18]
Kenneth Clarke	18 July 1994^[5]	Summer Statement
	12 July 1995^[6]
	17 July 1996^[7]
Gordon Brown	25 November 1997^[19]	Pre-Budget Report
	3 November 1998^[20]
	9 November 1999^[21]
	8 November 2000^[22]
	27 November 2001^[23]
	27 November 2002^[24]
	10 December 2003^[25]
	2 December 2004^[26]
	5 December 2005^[27]
	6 December 2006^[28]
Alistair Darling	9 October 2007^[29]
	24 November 2008^[30]
	9 December 2009^[31]
George Osborne	29 November 2010^[32]	Autumn Statement
	29 November 2011^[33]
	5 December 2012^[34]
	5 December 2013^[35]
	3 December 2014^[36]

References

External links

Pre-Budget Reports, 1997 to date at HM Treasury
Pre-Budget Report coverage by the Daily Telegraph
Pre-Budget Commentary by the Institute for Fiscal Studies