GROWTH DOWNGRADE CASTS A SHADOW OVER THE BUDGET Chancellor of the Exchequer, Philip Hammond, offered an optimistic vision of the UK’s future when delivering his first Autumn Budget on 22 November. But downgrades to the latest economic forecasts, released alongside his Budget Statement, overshadowed the Chancellor’s announcements. Mr Hammond was under intense pressure to deliver […]
Bank of England’s Base Rate increase to have “modest impact” One of the UK’s leading mortgage providers, Nationwide, believes that the recent increase in interest rates from 0.25% to 0.5%, announced by the Bank of England, following the Monetary Policy Committee’s meeting in early November, will have only a “modest impact” on most UK households, […]
Autumn Budget November 2017 In Philip Hammond’s first Autumn Budget, the second Budget of 2017, the Chancellor of the Exchequer promised that his Government would, “invest to secure a bright future for Britain”. Set amid a backdrop of political and economic constraints, and with Brexit negotiations at a critical phase, the Conservatives are under intense […]
