Spring Statement 2019 Overview

Amidst the turmoil of a no-deal Brexit the Chancellor announced his Spring Statement. In the statement, he stuck to his pledge that there would only be one major round of fiscal announcements per year which is the Autumn Budget.

In the Spring Statement, the Chancellor set out that the UK economy continues to grow. Wages are increasing and unemployment is decreasing, hopefully setting a foundation on which to build a stronger economic future.

With borrowing and debt both forecast to be lower than previously anticipated, the Chancellor set out further investments in infrastructure, technology, housing, skills, and clean growth. The idea being that the UK can capitalise on the post-EU exit opportunities that lie ahead.

For a full breakdown of the Spring Statement please see here – https://www.gov.uk/government/news/spring-statement-2019-what-you-need-to-know