Autumn Statement: Hammond chooses to flaunt caution

Autumn Statement: Hammond chooses to flaunt caution

At a time of great uncertainty the new chancellor deliberately chose to display great caution.
Despite long wanting to get his hands on the nation's purse strings, Philip Hammond wasn't tempted into grand gestures.
There were modest giveaways for those "just about managing" in order to keep true to Theresa May's promise of a Government for all; a reduction in the rate benefits are withdrawn for those working, a ban on letting fees and a boost to the minimum wage.
There was a shift away from his predecessor's focus on deficit reduction within a set timeframe; instead Mr Hammond... read more

23 November 2016 in Politics, Views: 46
Source: BBC

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