Skip to main content

How much support will Mr Hammond provide?

The rumour mill has been a little quieter than usual. But the Chancellor is surely piecing together a package of giveaways for his Autumn Statement – perhaps something in the region of about £7bn in 2017/18 – which focuses on increased infrastructure spending, boosting business investment and targets households who are set to feel the pinch from rising inflation. Admittedly, given the previous plans for a large fiscal tightening, this wouldn’t amount to an outright loosening of fiscal policy. But the drag from fiscal policy in 2017/18 would still be less than both that expected in the Budget and that in 2015/16 and 2016/17.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access