5 things to watch in the UK’s Spring Statement due Tuesday

UK Chancellor Philip Hammond will speak on the budget Spring Statement TuesdayI posted a preview here already:  

  • Preview of what’s coming up from the UK Tuesday — Hammond’s Spring Statement

If you are after more the Financial Times have a piece up on Five issues for Philip Hammond’s Spring Statement (that link may be gated, much of the FT is)
In (very) brief)
1. The economy

  • The most important judgment will be the OBR’s new assessment of Britain’s productivity growth prospects, which it cut sharply in November

2. The public finances

  • The OBR indicated last month that it will make a «significant» downward revision to its estimate of public borrowing for 2017-18
  • The improvement in the public finances over the past six months means that Britain has eliminated the deficit on its day-to-day budget

3. Tax consultations affecting companiesMr Hammond is to launch a consultation into a problem with value added tax

  • 4. Tax consultations affecting people
  • a consultation on trusts
  • inheritance tax … could lead to a new consultation

5. Is Treasury brevity going to last?

  • This is not the first time a chancellor has pledged to have only one Budget a year

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