 Budgets are usually set once every year and are announced in the House of Commons by the Chancellor of the Exchequer.The 2017 budget took place on Wednesday 22 November 2017, and the Chancellor presented the 2018 budget on Monday 29 October 2018.Since autumn 2017 the United Kingdom budget typically takes place in the Autumn in order to allow major tax changes to occur annually, well before the start of the fiscal year.