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For some unexplained reason, Philip Hammond and Theresa May decided to schedule the March budget a week earlier than usual this year:
This means – for the first time in years – the chancellor’s March budget didn’t clash with the Cheltenham Festival which takes place a week later, and which also happens to be the most popular event of the year for City executives and top bankers:
The square mile has complained for years about the scheduling of the March budget – which forces them to work slap bang in the middle of the festival.
Coincidentally, Theresa May is also keen on attending races. Along with her husband Philip. Who, coincidentally, works in the City.
Could keeping City fatcats happy (not to mention potential party donors) be the real reason for May and Hammond’s mysterious rescheduling of this year’s March budget?