Thinly spread 'Jam' rather than populist gimmicks or rabbits out of hats looks set to be the overriding theme of today's Autumn Statement - the first 'Budget' of Theresa May's government.
According to reports in the Financial Times, Chancellor of the Exchequer Philip Hammond (pictured) will put cheaper housing at the heart of "a sombre and short Commons speech" focusing on "fiscal discipline and preparing for Brexit". The paper added, however, that his attempts to help the UK's ‘Jams' - those May highlighted as "just about managing" when she took office in the summer - will be "tightly constrained by a £100bn deterioration in the public finances and fears of a Brexit shock". The FT expects to see the Chancellor "grappling with what he calls ‘eye-watering' debt levels a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
