Hammond's UK Spring Statement: Government making progress on improving economy

Author: Mike Paterson | Category: News

UK fin min Hammond now up and delivering his latest Budget report 13 March

  • rejects doom and gloom assessments from opposition Labour party
Lots of the usual peacock-suiting at the moment

Now we get the latest OBR forecasts:
  • 2018 GDP  1.5% Vs 1.4%
  • 2019 GDP 1.3% Vs 1.3%
  • 2020 GDP 1.3% Vs 1.3%
  • 2021 GDP 1.4% Vs 1.5%
  • 2022 GDP  1.5% Vs 1.6%
  • OBR sees continued job growth in coming years
  • Budget Deficit seen at GBP 45.2 bln In 2017-2018
  • UK expected to meet structural deficit target in 2021 with GBP15 bln room
  • Deficit to be GBP10 Bln lower in 2018 compared with 2010
  • light now out at the end of the tunnel
Watch it live here

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