Chancellor of the ExchequerÂ Philip Hammond has delivered his 2019 Spring Statement, which comes just two weeks before Brexit.Â
Amid the uncertainty, amplified by TheresaÂ May’s Brexit defeatÂ on Tuesday evening, fiscal PhilÂ has presented a low-key mini-Budget in order to not create more difficulties for the Government as it struggles to finalise a deal with the EU.
Here, we revealÂ the key announcements made by the Chancellor.Â
Mr Hammond has downgraded OBR (Office for Budget Responsibility) forecasts for 2019 to 1.2pc, down from 1.6pc in last year’s Budget. In 2020Â he expects growth of 1.4pc, and 1.6pcÂ in 2021, 2022 and 2023.
Mr Hammond called the economy “remarkably robust” andÂ said…