23rd November, well that could be the day, until the Bank of England (BoE) waits out before taking further measures on the economy. Initially, it was thought and forecasted that the central bank would act again in November, but now looking at the better than expected state of the economy it could be said that the bank would wait out until the government of the United Kingdom announces its own fiscal measures to battle the possibility of a slowdown.

23rd November has been selected by the government, on which the autumn budget statement would be announced. While the Bank of England (BoE) can take up measures, which would help the economy in the short-run, it can’t take measures which would keep the business continue to operate in the United Kingdom, such as tax breaks and regulatory reforms.

The new Chancellor of the Exchequer, Phillip Hammond, the former foreign secretary, who succeeded George Osborne, has previously promised that in the autumn statement, fiscal policy would be reset. Does that mean reversing the austerity policies pursued by Mr. Osborne, does it mean more tax breaks, we don’t know yet but one thing can be said with certainty that lot is expected from Mr. Hammond and a lot more would depend on it. So, remember and mark your calendar for the date.