Autumn Statement: Here's the trick

Autumn Statement: Here's the trick
 

Philip Hammond has a difficult trick to pull off this week. On the one hand - come clean: the government's not keeping its promises on the public finances.
On the other hand - convince us: the government is serious about the public finances.
The government was elected with three promises at the heart of its economic plans. Cap welfare spending. Reduce public sector debt as a proportion of the economy, starting last year. And get into surplus, so its income exceeded its spending, by 2019/20 - staying there unless growth dipped under 1%.
The score so far: Promises: nil. Reality: three. As the... read more

 
20 November 2016 in Business, Views: 53
Source: BBC
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