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three bits of bad news buried in philip hammond's spring statement

three bits of bad news buried in philip hammond's spring statement News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



three bits of bad news buried in philip hammond's spring statement

philip hammond tried hard to focus on the positives as he delivered his spring budget statement.his commons address on tuesday was on the short side, lasting just 26 minutes, but he promised “light at the end of the tunnel” with the uk’s economy growing faster than expected.the office for budget responsibility (obr) revised up its growth forecast for 2018 from 1.4% to 1.5%, while borrowing is forecast to be £45.2bn this year, £4.7bn lower than forecast in november - and £108bn lower than in 2010.but it’s not all plain sailing for the chancellor and we’ve picked out three things that could cause headaches in the coming year:1. phasing out 1p and 2psconsider emptying your coin jars now, because 1p and 2p pieces may become obsolete in the not-too-distant futurethe treasury has la...