Autumn Budget 2017 Briefing Paper
Set against a divided and uncertain political and Parliamentary landscape, under fire Chancellor Philip Hammond rose to deliver his Budget Statement at 12.37pm today aimed at rebooting the Conservative Party following a poor General Election result and party conference season, and amidst continued Cabinet and backbench divisions over the Government's Brexit negotiation strategy and public-sector funding.
Mr Hammond chose to play a relatively safe and measured hand and his speech contained no fireworks and no slip ups. He stated that he was taking a "balanced approach . . . maintaining fiscal responsibility, as we at last see our debt peaking [while] continuing to invest in the skills and infrastructure that will support the jobs of the future".
For businesses, there was relatively little in the speech to be alarmed about, and a number of measures on productivity, infrastructure, skills and taxation will be welcomed.
However, Mr Hammond knows he still has his opponents on his own backbenches, driven by his perceived lack of enthusiasm for Brexit. Ultimately, the key question will be whether Mr Hammond's vision for a new Global Britain and headline announcements on housing are, in reality, enough, to meet the challenges faced by the Government and UK plc in the new post Brexit economic and political landscape.
I hope you find our Autumn Budget 2017 briefing paper helpful.
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