• UK Hammond: Economy Has Shown "Strength And Resilience" Since Brexit Vote. Autumn statement:

Market news

23 November 2016

UK Hammond: Economy Has Shown "Strength And Resilience" Since Brexit Vote. Autumn statement:

  • Govt Debt As Share Of Economic Output Must Be Falling By 2020

  • Cyclically Adjusted Borrowing Below 2% of GDP by 2020

  • Aim To Close Budget Deficit As Soon As Possible, But Not By 2020

  • Credible Fiscal Policy Essential For Maintaining Market Confidence

  • Potential Growth 2.4 Percentage Points Lower As Result of Brexit

  • 2018 Economic Growth Forecast Cut To 1.7% From 2.1%

  • 2017 Economic Growth Forecast Cut To 1.4% From 2.2%

  • 2016 Economic Growth Forecast Rised To 2.1 From 2.0%

  • Will Maintain Commitment to Fiscal Discipline, But Recognise Need for Investment

  • More Urgent Than Ever To Tackle Long-Term Weaknesses

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