Office for Budget Responsibility

UK Economy ‘resilient’ Despite £122bn Hit To Finances

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Philip Hammond opens his first Autumn Statement by looking at the UK economic figures. The UK economy is “resilient” despite forecasts that government finances will be £122bn worse off than previously expected by 2020, the chancellor said. In his Autumn Statement Philip Hammond said growth predictions had been cut as a result of the Brexit … Read more

UK Government Borrowing Rises To £10.6bn In September

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Government borrowing rose by more than expected, to £10.6bn in September, according to figures from the Office for National Statistics (ONS). The figure was £1.3bn higher than the same month last year. For the financial year to date between April and September, borrowing fell by £2.3bn to £45.5bn. The monthly figure had been expected to … Read more