This year's Autumn Statement was a "non-event", the investment sector has said, with Chancellor Philip Hammond merely "tinkering at the edges" rather than introducing any major changes.
In his first - and last - Autumn Statement, Hammond downgraded UK economic forecasts and cut corporation tax to 17% by 2020, while also unveiling a £23bn infrastructure fund and a three-year NS&I bond paying an interest rate of 2.2%. However, Colin Morton, manager of the Franklin UK Equity Income fund, said he fell short of introducing needed measures to improve the UK's outlook in a post-Brexit world. "The Autumn Statement has been a somewhat of a non-event. With no radical announcements, there was little said on measures that will help alleviate the pressure on UK consumers next yea...
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