View more on these topics

Chancellor to deliver first Autumn Statement on 23 November

Parliament-UK-London-Thames-Building-700x450.jpg

Chancellor Philip Hammond has announced he will present his first Autumn Statement to Parliament on 23 November.

In a bid to ensure the UK economy keeps on growing post-Brexit, it is expected housebuilding as well as public infrastructure projects will form the foundations of his plans.

The statement will also include the latest economic forecasts from the Office for Budget Responsibility.

In July Hammond pledged to carry out a fiscal “reset” of the UK’s economy.

Addressing Parliament yesterday, he said: “I would hope that in designing a new fiscal stimulus, any sensible Chancellor would seek to do as much as possible through investment that will not only deliver short-term demand stimulus but will also address longer-term, structural problems in the economy.”

In the coming months, the Chancellor will also be attending a series of “high-level industry roundtables”.

As well as holding further discussions with the financial services sector in October, he will also chair roundtables with representatives from the world of technology, retail and manufacturing as well as from the Confederation of Business Industry, the Federation of Small Businesses and the British Chambers of Commerce.

Hammond says he is determined industry and Government work together to ensure “Britain takes full advantage of the opportunities Brexit presents”.

.

He adds: “We want to ensure the continued investment that creates jobs and supports wage growth throughout this period of uncertainty ahead of the UK formally leaving the European Union.

“That means listening to businesses and organisations who represent working people all over the country, and taking the necessary steps to maintain economic stability.”

Recommended

Parliament-Building-UK-London-700x450.jpg
1

Labour MP tells Parliament financial services must reform

A former Aviva public policy manager has used her maiden speech in Parliament to call for tougher regulation of financial services. Louise Haigh, who was elected as the Labour MP for Sheffield Heeley last month, said yesterday the attitudes of the City remain unchanged following the recession, and called for further political intervention. “The culture […]

2014-Budget-George-Osborne-Walks-Away-with-Box-700.jpg

Osborne sacked as May unveils Cabinet

George Osborne has been sacked as Chancellor of the Exchequer as new Prime Minister Theresa May announces the first of her Cabinet appointments. He has been Chancellor since 2010, when David Cameron took over as Prime Minister, and was also first secretary of state after May 2015. Osborne Tweeted: “Others will judge – I hope […]

Money-Currency-Falling-Coins-700x450.jpg

PFS urges Osborne to intervene over FSCS product levy

The Personal Finance Society has written to the Chancellor to press its case for a product levy to be considered as part of the Financial Services Compensation Scheme funding review. The professional body wrote to George Osborne this week setting out its concerns about the current “unsustainable” FSCS funding model. PFS chief executive Keith Richards […]

Thumbnail

Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.