UK’s Hammond: to set overall path for public spending beyond ‘20
|Addressing the House of Commons, the UK Chancellor Philip Hammond was further noted saying that:
• To set overall path for public spending beyond ‘20
• Could have capacity for further rise in public spending
• Business rate evaluation to be brought forward to 2021
The Cabinet minister also revealed the vital economic forecasts in the 2018 Spring Statement:
• 2018 GDP 1.5% Vs 1.4%
• 2019 GDP 1.3% Vs 1.3%
• 2020 GDP 1.3% Vs 1.3%
• 2021 GDP 1.4% Vs 1.5%
• 2022 GDP 1.5% Vs 1.6%
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