No Spending Spree
World Economy

No Spending Spree

There will be no “spending sprees” in Wednesday’s budget, Chancellor Philip Hammond has warned. Hammond said any surplus cash would be used to ensure the UK had enough “gas in the tank” for the coming years, BBC reported. He also acknowledged social care budgets were under particular pressure but said this was “not just about money”. Labor said the government was putting money aside to prepare for Brexit which should instead be spent on the NHS. Hammond said he will use Wednesday’s budget to announce that rising tax revenues as a result of a stronger than expected economy will be used to build up a £60 billion ($73.78 billion) reserve to deal with Brexit related uncertainty, rather than increase spending on the NHS.

Short URL : https://goo.gl/XHEIix
  1. https://goo.gl/pQGWbF
  • https://goo.gl/sA0TCO
  • https://goo.gl/YGMgfX
  • https://goo.gl/Gew9ye
  • https://goo.gl/9fmp6n

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...
International Labor Organization has called for stronger...

Add new comment

Read our comment policy before posting your viewpoints