Despite Chancellor Hammond’s rare opportunity to make a substantial changes to the stance of UK fiscal policy in the Autumn Statement on 23rd November, lingering worries about the outlook for the public finances will probably limit his boldness. As such, we expect him to announce an annual giveaway of about £7bn in 2017/18. However, given the previous plans of a large fiscal tightening this wouldn’t be enough to amount to an outright loosening of fiscal policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services