2018 Spring Financial Statement Highlights

Financial Statement Highlights

Yesterday Philip Hammond took centre stage for the 2018 Spring Statement. This statement
was not intended to deliver the any drastic changes to legislation; it is used as more of an
Economic update and outlook.

Some of the key highlights have been outlined below:


  • Growth forecasts were revised from 1.4% up to 1.5% in 2017-18.
  • Falling inflation forecasts from 3% to 2% by the end of 2018.
  • Over the next five years, wages are expected to rise faster than average prices.


  • £1.5bn already allocated for Brexit
  • £1.67bn to build more affordable homes in London by 2022.
  • National Living Wage to rise to £7.83p/h

Public Finances

  • Borrowing forecast to be lower than predicted at £45.2bn
  • Borrowing to fall continuously to 2022 to £21.4bn

If you would like any further information on the above, please do not hesitate to contact your

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