In the first of the newly rescheduled November Budget statements, Chancellor Philip Hammond delivered a budget that was more akin to the last budget of a party’s term in government rather than the first one of a thrusting and eager new administration.
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The introduction of the Apprenticeship Levy has put some schools under even more financial pressure due to the additional costs that the levy imposes. Maintained schools in particular will be hit the hardest, as the local authority is deemed to be the employer...
Following an announcement from Chancellor Philip Hammond that the budget will move to autumn in future years, the last spring Budget was also one of the shortest on record in terms of narrative and the number of proposals requiring inclusion into the Finance Bill.
Preparation and completion of budget planning before submission to governors for discussion/approval will soon begin. Once preliminary closedown has been completed the carry forward figures can be entered to provide an accurate starting point to this process.