As Hammond’s Spring Statement nears, how is the UK economy doing?

In his pared-down statement on 13th March, “Spreadsheet Phil” will have some better numbers on growth and the public finances

by Paul Wallace / March 8, 2018 / Leave a comment

Chancellor Philip Hammond leaves No 11. Photo: Kirsty O’Connor/PA Wire/PA Images

Along with yellow daffodils, one of the first sights of spring is a chancellor of the exchequer brandishing the red box outside No 11 Downing Street before heading to the House of Commons to deliver his budget. But not this year: Philip Hammond did that last November for the fiscal year starting this April. And now instead of the customary budget he will make a Spring Statement, on Tuesday 13^th March.

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Paul Wallace is the former European Economics Editor of the Economist. He is the author of "The Euro Experiment" (Cambridge University Press)