The Financial Times reports (18 February) reports that the chancellor Philip Hammond has ordained that his first Spring Statement should be perhaps the most unmemorable fiscal event ever recorded at Westminster, in a deliberate attempt to keep it out of the headlines. ‘There will be no red box, no official document, no spending increases, no tax changes,’ the Treasury said. ‘The chancellor will publish updated economic forecasts; we expect the speech to last between 15-20 minutes.’
The Financial Times reports (18 February) reports that the chancellor Philip Hammond has ordained that his first Spring Statement should be perhaps the most unmemorable fiscal event ever recorded at Westminster, in a deliberate attempt to keep it out of the headlines. ‘There will be no red box, no official document, no spending increases, no tax changes,’ the Treasury said. ‘The chancellor will publish updated economic forecasts; we expect the speech to last between 15-20 minutes.’
