Spring Statement 2019: what do we know?

Spring Statement 2019: what do we know?

Today, the Chancellor of the Exchequer, Philip Hammond will be giving his Spring Statement. While the government is obliged to produce its predictions for the economy twice annually, under the duress of Brexit negotiations, it seems Hammond is keen to reduce expectation on its projections and deflect attention from his statement today. The government insists that this is as a fiscal 'non-event' and that there will be very few changes to the public purse as a result of the statement. 

Is there anything we can expect?

While there have been minimal leaks so far, it seems the government is taking up the mantel of dismantling period poverty and will be recommending that schools maintain supply of free sanitary products available to its female students. 

Growth remains subdued as we enter Spring; the economy has grown by 0.2% in the month of January 2019 and it is anticipated that the economy will remain relatively limp. However, the government was afforded a bumper month in January for tax returns and has reclaimed  over £21bn in tax returns and income tax. Making steady progress is clawing back from deep deficit, the Chancellor will have more money to play with than before

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About the author:
Catherine is one of the Future of Law's digital editors. She graduated from Durham University with a degree in English Literature and worked at a barristers chambers before joining Lexis Nexis.