Chancellor sets out plan “to prepare our economy to be resilient as we exit the EU” in Autumn StatementIn yesterday’s Autumn Statement, Chancellor Philip Hammond said, “Our task is now to prepare our economy to be resilient as we exit the EU and match-fit for the transition that will follow.” Hammond said that debt is forecast to rise, peaking in 2017/18 at 90.2% of GDP, before falling again in 2018 to 89.7%, and that “net borrowing as a percentage of GDP will fall from 4% last year to 3.5% this year, and will continue to fall over the Parliament, reaching …read more
Source: Open Europe
