Investors are hoping the 'deal dividend', promised by Chancellor Philip Hammond in today's Spring Statement should Britain leave the EU with a deal, will lead to small- and mid-cap stocks surging, and also further cuts in corporation tax.
Brexit uncertainty and the potentially damaging prospects of a no-deal Brexit dominated the Spring Statement, with the Chancellor warning on "significant disruption to the economy over the short and medium term, and a less prosperous economy over the long term". Following the result of last night's parliamentary vote, which saw Prime Minister Theresa May's withdrawal agreement rejected by the House of Commons for a second time, Hammond said he was disappointed that there is still little clarity in regard to negotiations. However, he said he was confident that the UK would not crash ou...
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