Chancellor Phillip Hammond will let debt and deficit rise

Chancellor Phillip Hammond will let debt and deficit rise
 

Last week the Chancellor and allies of Prime Minister Theresa May said that the Government will take advantage of low borrowing costs to fund increased infrastructure spending. 
A loosening of austerity is also expected to be unveiled, in order to help Britain weather the economic uncertainty caused by falling business confidence, Article 50 and confusion over its post-Brexit trading arrangements. 
As a result, both the national debt and deficit are expected to rise. According to the Office for National Statistics, the national debt rose by £52billion to £1.62 trillion over the course of... read more

 
9 October 2016 in Business, Views: 54
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