Wednesday, 18 July, 2018


Spring statement 2018: the chancellor's key points at a glance

Chancellor to launch consultation on plastics tax Image Raul Mee
Conrad Doyle | 13 March, 2018, 15:49

In his Spring Statement to the House of Commons this lunchtime, Hammond also said an investment programme of £44 billion had been agreed to lift housing supply to 300,000 a year by the mid-2020s.

He is set to unveil consultations on a single-use plastics tax and a possible tax on the profits of digital giants like Facebook and Google.

Labour's shadow chancellor John McDonnell said: "Today the chancellor has a choice".

Mr Hammond said he was inviting cities across England to bid for a share of £840 million to deliver on "local transport priorities".

Chancellor Philip Hammond delivered a pared-down spring statement on Tuesday which said the United Kingdom economy is faring better than predicted.

The debt forecast is almost 1% lower than in November, Mr Hammond said.

He said "substantial progress" has been made in Brexit talks. He insisted he had committed £60bn to public spending, with £4bn going into the NHS in 2018/19 alone, praising staff for their work during the recent winter crisis.

In comments released in The Sun on Sunday (11 March) in advance of the full statement tomorrow - which in contrast to previous Spring Budgets will be a pared-down affair, as the government moves towards once-yearly Autumn Budgets from 2019 - Hammond announced that he will be launching a call for evidence from stakeholders on how fiscal measures can be used to tackle the issue of plastic waste.

Britain's finance minister is expected to announce on Tuesday a modest improvement in the country's slow economic growth outlook in the run-up to Brexit, raising the prospect that he might relax his grip on public spending later this year. Those looking for any major spending or policy announcements will be left disappointed.

"Today's brief address will likely see the first full analysis of Brexit's impact on United Kingdom public finances, good news in terms of lower public borrowing and economic growth higher (but not necessarily an end to austerity), as well as announcement of a range of consultations on issues such as tax for small businesses, inheritance tax for individuals and a levy on "single use" plastics", said Accendo Markets analysts Mike van Dulken & Henry Croft.

Chancellor Philip Hammond set out his vision of an "outward-looking, free-trading nation, one that is confident that our best days lie ahead of us".

Recommended

loading...
...

American Electric Power Company Inc (AEP) Position Boosted by Synovus Financial Corp The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.04. The last close places the company's stock about $6.31 off its 52 week high of $21.59 and $0.53 above the 52 week low of $14.75.

The DS Smith's (SMDS) Hold Rating Reaffirmed at Jefferies Group The DS Smith's (SMDS) Hold Rating Reaffirmed at Jefferies Group Shares of ASOS ( LON ASC ) traded up GBX 140 ($1.93) during trading hours on Thursday, reaching GBX 7,556 ($104.39). Finally, Macquarie restated a buy rating on shares of Glencore in a research note on Monday, November 6th.

Bears expected to retain top 3 RFAs with $1.9M tenders Bears expected to retain top 3 RFAs with $1.9M tenders If Trubisky is going to take a step forward in his career in 2018, Robinson is going to be a massive part of it. The highest RFA tender this year is $4.149 million and comes with a first-round pick as compensation.

Dwyane Wade donates $200k to 'March for Our Lives' Dwyane Wade donates $200k to 'March for Our Lives' Union was understandably perturbed, writing back , "When they let you know what they think of you". Also on Sunday, students from American Heritage School organized a rally for change in Sunrise.

One killed, two others wounded in shootings at Plant City office One killed, two others wounded in shootings at Plant City office The Polk County Sheriff's Office also responded to the scene because the location of Bliss Enterprises straddles the county line. According to initial reports, at least two or three people have been shot, but there was no immediate word on their conditions.

CRPF jawans killed in naxal attack in Chhattisgarh's Sukma CRPF jawans killed in naxal attack in Chhattisgarh's Sukma He bowed to each and every security personnel who attained martyrdom while serving the nation. West Bengal Chief Mionister Mamata Banerjee also condoled loss of lives in the incident.

Roque hits United Nations human rights chief's 'crude language' Roque hits United Nations  human rights chief's 'crude language' The petition said the rebels were " using acts of terror " to sow fear and panic to overthrow the Government. Duterte's beef with the French UN official has been raging for months. "I totally reject that", she said.

Zacks Investment Research Upgrades Coca-Cola FEMSA (KOF) to "Hold" Zacks Investment Research Upgrades Coca-Cola FEMSA (KOF) to Shares for $500,580 were bought by GRAF JOHN A. 300 shares valued at $72,853 were sold by Doucette John P on Tuesday, February 20. Coca-Cola Hbc Ag (CCH.L) is on trader's radar as the shares have moved above the MACD Histogram line, indicating a bullish trend.

Mourinho warns Real Madrid: De Gea? I'd think of another player Mourinho warns Real Madrid: De Gea? I'd think of another player Mourinho's men drew the first leg 0-0 in Spain and, barring another 0-0 draw, must win at Old Trafford to progress. However, the deal fell through due to issues related to paperwork ahead on the transfer deadline day.

OECD Sees Better Outlook, if Trade Escalation Avoided OECD Sees Better Outlook, if Trade Escalation Avoided Britain was seen missing out on the global upturn, lagging all other G20 countries with growth of only 1.3 percent this year. The OECD predicts the fastest world growth since 2011 this year, helped by U.S. tax cuts and spending in Germany.

NFL Teams Line Up for Sammy Watkins NFL Teams Line Up for Sammy Watkins NFL Media's Ian Rapoport reported, citing sources , the deal is worth "roughly" $16 million over the three years. Prior to his time in California, he spent two seasons with the Buffalo Bills .

Pogba doubtful for Sevilla clash Pogba doubtful for Sevilla clash The post Pogba doubtful for Sevilla clash appeared first on Vanguard News . We have to know where we made mistakes to improve.

Mourinho Talks Up United's UCL Chances, Confirms Martial Return, Unsure Of Pogba Mourinho Talks Up United's UCL Chances, Confirms Martial Return, Unsure Of Pogba There were, however, wins against both Malaga and Athletic Bilbao in between that sandiwch of defeats. It's been one of the best spells in Manchester United's season in recent weeks.

The Asus ZenFone 5 Max specs and benchmark appears on Geekbench The Asus ZenFone 5 Max specs and benchmark appears on Geekbench The phone is also expected to sport dual-camera setup arranged vertically along with a fingerprint sensor on the back. There are two variants of the phone- one that runs on Snapdragon 425 and the other runs on Snapdragon 430.

UCLA coach Steve Alford receives bonus for NCAA Tournament invite UCLA coach Steve Alford receives bonus for NCAA Tournament invite Bonaventure comes into the game with a 25-7 record, coming off a loss in the Atlantic 10 tournament to Davidson . The Atlantic 10 regular-season victor has victories this season over Maryland , Syracuse and Rhode Island.