Since the days of Gordon Brown, there have been two showpiece performances by the Chancellor in the Commons each year: the March Budget, concentrating on tax, and the Autumn Statement, concentrating on spending. The new Chancellor, Philip Hammond, finished his first one with a significant cut – he thinks there should only be one…
Today, Chancellor Philip Hammond delivered his first Autumn Budget. With the shadow of Brexit causing uncertainty for the UK economy’s growth, Mr Hammond has made a number of changes in an effort to reduce debt and increase growth. Here are some of the main changes as announced today:- Effective immediately • From 23 November 2016…
“Careful, considered and targeted” are the words uttered by the new Chancellor Philip Hammond, when questioned about potential fiscal boosts in the autumn statement. Therefore, it’s safe to say we shouldn’t expect any major positive changes come next Wednesday. Over the past 3 years, previous Chancellor George Osborne’s target was to reduce the UK’s deficit,…
