Philip Hammond should scrap the Autumn Budget says Giles Murphy, head of business interests at accountancy, investment management and tax group, Smith & Williamson.

Set to take place on 22 November, Mr Murphy observed that the chancellor has "little wriggle room" in the upcoming budget as a stagnating economy is working against him. He pointed to recent reports indicating that the Office for Budget Responsibility (OBR) has wiped out nearly two thirds of Mr Hammond’s £26 billion budget war chest as UK growth is downgraded.  

Nevertheless, Mr Murphy believes that there are three key measure...