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The future of the UK seems perpetually in peril. As Andrew Marr argues in this month’s cover story, nothing is inevitable about Scotland’s breakaway, but London’s complacence is making it more likely. Also in this issue: Jill Rutter explores how we’re coping outside the single market, Eliane Glaser has been horrified by the education jargon being foisted on her children during her time homeschooling, and Miranda France gives her verdict on the new Kazuo Ishiguro.

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Economics & Finance budget chancellor growth Treasury

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

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 13th March.

“Spreadsheet Phil” has reset the fiscal calendar as…

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Paul Wallace

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

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