Will Philip Hammond unveil a big fiscal stimulus in his Autumn Statement on 23 November, or will the economy’s resilience and the weakness of the public finances restrict him? David Smith reports.
Just a few weeks ago Philip Hammond’s task in his first big economic outing the Autumn Statement on 23 November seemed clear. The economy would need a fillip and the chancellor would provide it. There was talk not just of an infrastructure boost but also of tried and trusted emergency measures like the temporary VAT cut announced by Alistair Darling at the end of 2008 when the financial crisis hit – so hard would the economy be hit by the Brexit vote.
Time has moved on. By eschewing an emergency Budget immediately after the referendum when the Brexit vote appeared to be hitting the economy...
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Home >Articles > Philip Hammond’s November dilemma
Philip Hammond’s November dilemma
Will Philip Hammond unveil a big fiscal stimulus in his Autumn Statement on 23 November, or will the economy’s resilience and the weakness of the public finances restrict him? David Smith reports.
Just a few weeks ago Philip Hammond’s task in his first big economic outing the Autumn Statement on 23 November seemed clear. The economy would need a fillip and the chancellor would provide it. There was talk not just of an infrastructure boost but also of tried and trusted emergency measures like the temporary VAT cut announced by Alistair Darling at the end of 2008 when the financial crisis hit – so hard would the economy be hit by the Brexit vote.
Time has moved on. By eschewing an emergency Budget immediately after the referendum when the Brexit vote appeared to be hitting the economy...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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