No rabbits, just selfies come out of Hammond’s hat in pre-Brexit budget

The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Spring Budget, which avoided headline-grabbing shake-ups and tax breaks in favour of economic stability.   In the run-up to the announcement, sterling slipped to a seven-week low, reflecting the uncertainty surrounding the move towards exiting the European Union, but the Chancellor pointed to robust economic growth, record levels of employment and a falling deficit, saying real GDP had grown by 0.7% in the final quarter of 2016 and by 1.8% over the…

Jammy and dodgers focus of Hammond’s first and last – Autumn Budget Statement 2016

The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Autumn Budget statement, with a focus on lower income households and business tax avoidance. The new Chancellor announced a reduced growth target and predicted a tougher economic period during the transition towards Brexit. The target set out by his predecessor to achieve a surplus by 2020 has been set aside, with growth predicted to fall to 1.4% in 2017 and cumulative borrowing over the next five years predicted to be £122bn…

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