Growth Upgrade Coming in Budget

A sharp uptick in Britain’s economic forecasts will be at the centre of next week’s Budget, the FT reports this afternoon. Chancellor Phillip Hammond will reveal “a significant reduction in borrowing and close to 2% growth in 2017“. Remember those pre-Brexit warnings from the Treasury? How about this one:

“A vote to leave would cause an immediate and profound economic shock creating instability and uncertainty… The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession… The analysis shows that the economy would fall into recession with four quarters of negative growth.”

Experts…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Andrea Leadsom told BBC Radio 4’s Today

“He’s made his views on Brexit on the record, and the problem with that of course is that the chair’s impartiality is absolutely essential. … He’s made his views known on Brexit… it’s a matter for him but nevertheless it’s a challenge and all colleagues need to form their own view of that.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.