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Chancellor Philip Hammond has revealed the date for his Autumn Statement

Mark Sands
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Chancellor of the Exchequer Philip Hammond leaving Whitehall
Hammond was Theresa May's first appointment to the cabinet last in July. (Source: Getty)

Chancellor Philip Hammond has revealed the date for the first major fiscal event of Theresa May's government, with the Autumn Statement now set for 23 November.

Speaking in front of a House of Lords committee today, Hammond said: "The Autumn Statement will set out the government's economic and fiscal plans based on the latest forecasts from the Office for Budget Responsibility.

"In the run up to the Autumn Statement I will be engaging with Britain's business leaders and employee representatives through a series of industry roundtables, meetings and visits, and of course, I will engage with parliamentary colleagues."

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The event will represent the new chancellor's first opportunity to show economic policy under May, and distinguish itself from the offerings of David Cameron and George Osborne.

May has already set out to differentiate her government through a sustained attack on some of Osborne's central policy areas, including devolution and the sale of assets like the Land Registry.

The prime minister has also appeared significantly cooler on relations with China than Osborne and Cameron, while Hammond has ditched his predecessor's target to balance the books by the end of the decade.

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