Thursday, 24 November 2016

AUTUMN STATEMENT REACTION

Phillip Hammond's Autumn statement brought a mixed reaction.  Prominent leavers have dismissed the OBR forecasts as far too pessimistic while anti-brexit newspapers all focus on the £122Bn of extra borrowing over the next few years, £59Bn of which is said to have been caused directly by brexit (see The Independent's take HERE).

Alastair Darling in The Guardian says Mr Hammon has failed to set out a clear direction (HERE). John Longworth, former head of the CBI says the opposite (HERE). Infacts has take a leaf out of the leave campaign's playbook and used a weekly figure for the extra amount we will need to borrow to fund brexit - the £59Bn is shown as being £226 million a week (HERE).  How will Vote Leave react to that?


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