The UK will face tax rises of more than £40bn to plug holes in government finances and balance the books by 2025, a think tank has warned.
Chancellor Philip Hammond has delivered his Spring Statement, in which he predicted falling inflation but growth remaining well below the OECD average.
Academics deliver their verdict on Philip Hammond’s second budget.
Philip Hammond’s flagship budget announcement that will exempt most first time buyers from stamp duty will push up house prices and benefit those that are already home-owners most, says the Office of Budget Responsibility.
Philip Hammond has cut the UK’s growth forecast down to 1.5% in his budget statement about the economy.