Pantheon Macroeconomics - The Chancellor hinted in the Autumn Statement that the fiscal consolidation might not be as severe as it appears on paper because he has built in some "fiscal headroom". By that, Mr. Hammond means that he could borrow more and still adhere to his new, self-imposed rules.

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25 November. 2016 Don't Bank on Hammond Being Able to Use His Fiscal Headroom

By Samuel Tombs

The Chancellor hinted in the Autumn Statement that the fiscal consolidation might not be as severe as it appears on paper because he has built in some "fiscal headroom". By that, Mr. Hammond means that he could borrow more and still adhere to his new, self-imposed rules.

Posted: 24th Nov 2016 in 'U.K. Documents'

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