In the Chancellor’s latest budget, Phillip Hammond described the economy as remarkably robust even though there was continuing uncertainty over Brexit. However, much of his speech was devoted to what effects of leaving the European Union could have on the UK economy even though he stated the economy continues to grow.
The Chancellor also set out further investments in infrastructure, technology, housing, skills and clean growth, so that the UK can capitalise on the post-EU exit opportunities that lie ahead.
In addition, Mr Hammond also confirmed that the government will hold a Spending Review which will conclude alongside the Budget. This will set departmental budgets, including three-year budgets for resource spending, if an EU exit deal is agreed. Ahead of that, he announced extra funding to tackle serious violence and knife crime, with £100 million available to police forces in the worst affected areas in England and Wales.
For more information on the Spring Budget, click here to download a pdf version or view the online copy below.