“Squeezed between the drama of this week’s Brexit votes it would be easy to have overlooked that the Chancellor today made his Spring Statement. This is not a Budget as we know it; that now takes place in the Autumn and is when the annual tax and spending announcements are made. The Spring Statement is an opportunity for the Chancellor to update on the overall health of the economy and the Office for Budget Responsibility’s (OBR) forecasts for economic growth, and the public finances.
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