UK Economics

UK Economics Focus

29 October, 2018

Autumn Budget Response – Hammond splashes the cash

As expected, the Office for Budget Responsibility (OBR) gave the Chancellor a helping hand in the Autumn Budget, allowing him to deliver a number of expensive spending pledges, while still managing to reduce headline borrowing from 2019-20 onwards and maintain a healthy buffer to deal with the potential fallout from a “no deal” Brexit.

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