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7 matches for " mr hammond":
November's Markit/CIPS construction report brings hope that the sector no longer is contracting. The PMI increased to a five-month high of 53.1 in November from 50.8 in October, exceeding the 52-mark that in practice has separated expansion from contraction.
The Chancellor will struggle to make his Spring Statement heard on March 13 over the noise of next week's key Brexit votes in parliament, likely spanning from March 12 to 14.
Later today, the Chancellor likely will take the first step towards abandoning plans for further fiscal tightening. In
August's public finances figures, released last week, were an unwelcome but manageable setback for the Chancellor.
Public sector borrowing still is on course to greatly undershoot the March Budget forecasts this year, despite October's poor figures.
The Chancellor probably can't believe his luck. Public borrowing has continued to fall this year at a much faster rate than anticipated by the OBR, despite the sluggish economy.
The Chancellor kept his word and made only trivial policy changes in the Spring Statement, but he hinted at higher spending plans in the Autumn Budget.
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