Budget 2017 UK: Robotics, 5G, broadband and everything promised for “disruptive” tech by Philip Hammond March 8, 2017 Millions of pounds in fresh funding has been promised for disruptive new technologies such as robotics, electric cars and biotech by the government. Chancellor Philip Hammond pledged new cash for development of the technologies in the Spring Budget along with plans to get started on creating a 5G network in the UK and boost broadband. How [...]
Budget 2017: London Mayor Sadiq Khan “disappointed” there was no Budget backing for Crossrail 2 March 8, 2017 London mayor Sadiq Khan said he was "disappointed" that the government didn't back Crossrail 2 in today's Budget. While the mayor said he was pleased to see progress on devolution, other areas were notably missing from Philip Hammond's announcements. “London did not get everything we needed today," said Khan. "I am disappointed that the government [...]
Budget 2017: Sterling recovers against the US dollar as markets react to chancellor Philip Hammond’s first Spring Budget March 8, 2017 Sterling recovered some of its losses against the US dollar in afternoon trading after chancellor Philip Hammond first Budget gave a relatively upbeat outlook of the UK economy. While borrowing this year is now forecast by the Office for Budget Responsibility (OBR) to be lower, Hammond revealed little in the way of big fiscal spending. [...]
Chancellor Philip Hammond cracks jokes at the expense of the Labour party, Jeremy Corbyn and himself during Budget 2017 March 8, 2017 Breaking: Philip Hammond aka 'Spreadsheet Phil' has a personality. The chancellor, who has been dubbed as boring accounting type, set the scene for the Budget today making a spring budget joke. 1. On Norman Lamont also abolishing the spring Budget "Ten weeks later, he was sacked! So wish me luck!" And that wasn't the only joke [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
Spring Budget 2017 at-a-glance guide: All of chancellor Philip Hammond’s big announcements you need to know March 8, 2017 Chancellor Philip Hammond has delivered his first (and last, thanks to a shift around in dates) spring Budget speech. But, as not everybody has the time to go back and listen to his words of wisdom in full, here's an at-a-glance breakdown of the biggest announcements you need to know: Economics, public spending and politics [...]
Budget 2017 UK: “T-Levels” shake-up for young people’s technical training promised by Philip Hammond March 8, 2017 The government is promising to invest fresh cash in preparing young people for the new global economy with investment in technical training. Chancellor Philip Hammond confirmed the new £500m plans he called "game-changing" in his Spring Budget on Wednesday. The radical overhaul of post-16 education will see a dizzying array of 13,000 different qualifications whittled down [...]
Budget 2017: UK growth prospects upgraded by government’s forecaster March 8, 2017 The UK economy is set to grow much quicker than previously thought, according to the government's official forecaster, boosting chancellor Philip Hammond's efforts to cut public sector borrowing. The Office for Budget Responsibility (OBR) now forecasts growth of two per cent in 2017, chancellor Philip Hammond announced in his Spring Budget statement, while inflation is [...]
LIVE: Budget 2017 – reaction to chancellor Philip Hammond’s speech March 8, 2017 Live coverage of Philip Hammond's first (and last) Spring Budget, with measures expected on Stamp Duty, T-levels, business rates, national insurance and fuel duty.
Budget 2017 UK: When does Philip Hammond’s Spring Budget speech start and where can I watch it? March 8, 2017 How much more will you be paying for a pint? We'll soon find out as chancellor Philip Hammond will unveil new spending powers this week. What is the Spring Budget? This will be Hammond's first and last Spring Budget, as the annual Budget announcement is set to move to a new schedule focused on the [...]