Once every six months, the Chancellor’s Budget and Statement have the potential to move shares in the UK remarkably. Having reversed the timing for each of these events, this will be the first Autumn Budget since 1996.

There are many sectors of the UK economy that can be affected by the Budget. In recent years, the scope of the budget has reached everywhere, ranging from measures for Defence spending and Energy prices, to legislation covering Pensions, Insurance and even Gambling.

However, this time around, no doubt most eyes will be on the beloved UK Housebuilding sector and Construction companies.

Theresa May has called housing a ‘personal mission’ and it is therefore expected to be a significant theme of next week’s Budget.

The PM previously announced an extra £2bn for affordable housing, however she has been very sparse on the details of how this money will be used and where it will go.  Will we see the more detailed plans for this outlined on by the Chancellor on Wednesday?

Couple with that news reports that Hammond may be planning to cut stamp duty to help first time buyers in order to take their first steps on the housing ladder, and there are multiple implications for the major names in the sector.

Are we set for another shot in the arm for the usual suspects such as Barratt Developments, Bellway, Berkeley Group, Persimmon and Taylor Wimpey?

Or will the Chancellor have to keep his powder dry as the looming uncertainty of just how much the cost of Brexit will eventually be?

By having a timely and reliable source of market research, you can make sure you’re prepared to trade the Budget efficiently and effectively. Our research team at Accendo Markets offer just this, and will be sure to offer detailed insight into the companies and sectors affected. Sign up here to experience it for yourself during this crucial day for markets.

Out of the headlines and the limelight, but very much worth paying attention to, is the announcement of the Chancellor’s verdict regarding the earmarking of £7bn for new transport links in the ‘brain belt’, the crucial area for British technology and education institutions spanning Oxford, Cambridge and Milton Keynes.

Not knowing just how much will be put aside and how the construction of such a massive project will be spread, the implications for Infrastructure and Construction company Balfour Beatty could be very interesting on Budget day.

Might there even be something in there to help the once again beleaguered Carillion after the company, heavily involved in the government’s HS2 project, issued its third profits warning this year? The last time the construction outsourcing company announced its profits would be below current estimates, it was awarded several new contracts within just days of the warning.

With all of these companies likely to be impacted in some way by the Chancellor’s big day, let us help you make sense of it all.

George Walker, Trader, 17 November 2017