• Tuesday, November 29, 2022

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Infrastructure ‘key to UK’s first post-Brexit budget’

Chancellor Philip Hammond

By: Eastern Eye Staff

BRITAIN’S first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released today (November 20). The budget will be new chancellor Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under previous prime minister David Cameron, Osborne oversaw an austerity programme of spending cuts and tax rises at odds with new prime minister Theresa May’s views on the economy which she has said no longer works for everyone. Hammond will promise to place “investment in infrastructure… at the heart” of Wednesday’s…

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