UK Chancellor Philip Hammond will speak on the budget Spring Statement Tuesday
I posted a preview here already:
If you are after more the Financial Times have a piece up on Five issues for Philip Hammond's Spring Statement (that link may be gated, much of the FT is)
In (very) brief)
1. The economy
- The most important judgment will be the OBR's new assessment of Britain's productivity growth prospects, which it cut sharply in November
2. The public finances
- The OBR indicated last month that it will make a "significant" downward revision to its estimate of public borrowing for 2017-18
- The improvement in the public finances over the past six months means that Britain has eliminated the deficit on its day-to-day budget
3. Tax consultations affecting companies
Mr Hammond is to launch a consultation into a problem with value added tax
- 4. Tax consultations affecting people
- a consultation on trusts
- inheritance tax ... could lead to a new consultation
5. Is Treasury brevity going to last?
- This is not the first time a chancellor has pledged to have only one Budget a year
