Budget 2018

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Budget 2018

Philip Hammond promised that the era of austerity was coming to an end as he delivered his third budget as Chancellor. Hh said economic growth was on target to produce 800,000 more jobs by 2023 and sustained growth in real-terms pay.

The Chancellor announced more money for the armed forces, £650 million for councils to provide social care services and an increase of more than £20 billion in spending on the NHS over the next five years. 

There will be a spending review next year for government departments but until then there was little in the way of extra funding for police, apart from counter-terrorism. Money will be spent on fixing pot holes, and a £400 million pound one-off payment for schools. New levies for internet giants, and plastic packaging, and a tax cut for 32 million people as Philip Hammond says he will raise the personal allowance to twelve and a half thousand pounds by next April a year earlier than planned.

We spoke to Grace Blakeley an economist at the Institute for Public Policy Research, she gave us her reaction to the plan. 

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