PA ANALYSIS: Pragmatic Hammond and the art of the possible
Anyone hoping for infrastructure spending plans on a Trumpian scale was disappointed on Tuesday by what most commentators described as a cautious and pragmatic Autumn Statement from Philip Hammond.
Chancellor cuts growth forecasts, announces £23bn ‘productivity fund’
In delivering his Autumn Statement this afternoon Chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn fund to tackle a lack of productivity in the British economy.
Further tax cuts predicted as Hammond becomes UK chancellor
Britain’s new prime minister Theresa May has appointed former foreign secretary Philip Hammond as chancellor of the exchequer with experts predicting he may delay long-awaited reforms to non-UK domiciles.