Things seem to be going the Chancellor’s way at the moment (for a change). Not only did GDP grow
more strongly in 2017 than the Office for Budget Responsibility (OBR) predicted, and the public finances improve at a faster rate, but productivity has also defied the OBR’s pessimism recently. However, with the Spring Statement on 13th March set to be a much pared-back affair, the Chancellor looks set to bank, rather than spend the growth windfall.
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