Philip Hammond to promise investment in official Budget unveiling

Philip Hammond to promise investment in official Budget unveiling

The Chancellor will vow to create a brighter future for Britain

Wednesday, November 22, 2017

Philip Hammond is expected to promise investment in a brighter future for Britain when the autumnal budget is unveiled later on Wednesday.

The Chancellor is believed to be sending a signal that he will soon begin a move against austerity in his key statement in the House of Commons.

He is due to respond to pressure on the Government to spend more on industrial productivity in order to ease the housing crisis, while outlining a £177 million plan to increase funding for schools, with organisations getting around £600 for every additional student taking maths A-levels.

It is understood that, in his statement to MPs in the Commons, Hammond will stress the role of investment in the Government’s financial plans, saying it will look forward and meet challenges head-on.

Hammond has already faced pressure from Labour MPs who demand large-scale investment into UK infrastructure.