Spring Statement 2019 summary and highlights: key points ex…

Chancellor of the Exchequer Philip Hammond has delivered his 2019 Spring Statement, which comes just two weeks before Brexit. 

Amid the uncertainty, amplified by Theresa May’s Brexit defeat on Tuesday evening, fiscal Phil 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 reveal the key announcements made by the Chancellor. 

Economic growth 

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 2020 he expects growth of 1.4pc, and 1.6pc in 2021, 2022 and 2023.

Mr Hammond called the economy “remarkably robust” and said…

Algolia Reports

Be the first to comment

Leave a Reply

Your email address will not be published.