From disappointing OBR figures to pleasant surprises, Investment Week has summarised ten key points from Chancellor Philip Hammond's Autumn Budget 2017.
1. UK growth downgrades Independent body the Office for Budget Responsibility (OBR) was forced to cut its projections for GDP growth for 2017 and 2018, which was initially expected to hit 2% and 1.6% respectively. The OBR now expects to see GDP grow 1.5% in 2017, 1.4% in 2018, 1.3% in both 2019 and 2020, before picking back up to 1.5%, and finally 1.6% in 2022. Hammond added that inflation is expected to peak this quarter at 3%, before falling back towards the Bank of England's 2% target over the next year. Autumn Budget 2017: Stamp duty boost for first-time buyers 2. 'Stubbo...
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