Budget 2017: Hammond loosens his belt

Budget 2017: Hammond loosens his belt
 

Much of the rest of the world is growing at a healthier clip.
For Britain it is a different story.
Today the Office for Budget Responsibility (OBR) downgraded growth forecasts for the next four years.
And it has been more aggressive with those downgrades than the Bank of England was in its Inflation Report earlier in the month.
The productivity problem is at the heart of that judgement.
The UK just hasn't been very good at producing wealth for every hour worked, and today the OBR lowered its expectations about how fast productivity will recover.
Which means that tax receipts will suffer, by... read more

 
22 November 2017 in Business, Views: 48
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31