Image copyright HoC Chancellor Philip Hammond vowed to make the UK economy “resilient” for leaving the EU as forecasts pointed to an increase in borrowing and slower growth.
In his Autumn Statement Mr Hammond said the UK"s deficit would be cleared “as early as possible” after 2020.
He pledged new infrastructure spending and billions of pounds for housing.
Labour has predicted the chancellor would fail to help people on low and middle incomes.
Live: Rolling text and video updates At-a-glance: Key points The numbers to look out for Tenants to be freed from lettings fees Presenting the Office for Budget Responsibility"s forecasts, Mr Hammond said borrowing would hit £68.2 billion this year and £59 billion next year compared with the March forecast of £55.5 billion and £38.8 billion.
The OBR predicted growth this year would be 2.1%, higher than the 2% forecast in March, but said it would fall to 1.4% next year before recovering to 1.7% in 2018, 2.1% in 2019 and 2020 then 2% in ..
Read More
ليست هناك تعليقات:
إرسال تعليق