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FREEDOM, FLEXIBILITY & PEACE OF MIND

2017 Autumn Budget

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OUR 2017 AUTUMN BUDGET REVIEW

Chancellor Philip Hammond said he’d take a “balanced approach” to his second Budget of 2017. Once again the speech was light on headline-grabbing finance changes and there were no ‘giveaways’ or major surprises. Instead, the chancellor focussed on measures to prepare the economy for post-Brexit life. 

Raising productivity is key to boosting economic growth and wages, but growth has “remained stubbornly lat” and continues to be an issue. In light of this, the Ofice for Budget Responsibility revised down its forecasts for growth. 

It expects GDP to grow by 1.5% in 2017 (down from 2% predicted at the Spring Budget in March) and 1.4% in 2018 (down from 1.6%). To help address the problem, the National Productivity Investment Fund, which supports innovation and infrastructure, will be extended by a year and expanded to more than £31bn.

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2017 Autumn Budget

October 31, 2017
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