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Philip Hammond leaves Number 11 to deliver Budget

333 views · Published 29 October 2018 · 1:21 · Indexed 25 September 2026

Channel: Daily Mail World · 2018 · Travel & Events

The Chancellor will use his financial package in the House of Commons to pump more money into the NHS, social care, mental health and the armed forces. He could also target a 'digital tax' on giants like Amazon and Facebook who have been accused of failing to pay their fair share - a move that could help find funds to head off a mounting Tory revolt over the flagship Universal Credit benefit reforms. Mr Hammond has already warned that this Budget assumes that there will be a Brexit deal - hinting that failure in the knife-edge negotiations with Brussels could undermine plans to ease austerity. But the PM's spokesman dealt a thinly-veiled rebuke today, making clear Mr Hammond was only signalling his readiness to use 'fiscal firepower' to shore up the economy if the UK withdraws without an agreement. The Office for Budget Responsibility said in March that there was £15billion 'headroom' in the government's plans which could be deployed.

Original Article: http://www.dailymail.co.uk/news/article-6328629/Hammond-turns-spending-taps-pre-Brexit-Budget.html
Original Video: http://www.dailymail.co.uk/video/news/video-1792340/Video-Philip-Hammond-Treasury-team-leave-Number-11-deliver-Budget.html

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Philip Hammond leaves Number 11 to deliver Budget

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