Strong figures put pressure on Philip Hammond

Strong figures put pressure on Philip Hammond

Strong figures put pressure on Philip Hammond

Forecast GDP growth for this year is also expected to rise to 1.8 per cent, from 1.4 per cent in November.

But all eyes will be on the Office for Budget Responsibility's forecasts for the deficit, debt, GDP and productivity, to see whether they back up the Chancellor's claim that there is now "light at the end of the tunnel". "That is a very important moment for us but we are still in the tunnel at the moment". Shadow Chancellor John McDonnell said Mr Hammond "must use today to act and end austerity".

"He needs to listen to the calls from across the political spectrum - including the Tory council leader in his own constituency - to end the financial crisis in our public sector".

The Chancellor is set to resist Tory pressure to help cash-strapped councils during his Spring Statement today. Our country can not afford for him to continue to ignore the problems facing working households in our country.

Mr Hammond is expected to speak for less than half an hour. His Treasury deputy Liz Truss said there would be "no red box, no rabbits out of the hat and no tax changes".

The chancellor will reveal consultations on VAT, tax on technology companies and a public waste tax to cut down on plastics.

In comments released in The Sun on Sunday (11 March) in advance of the full statement tomorrow - which in contrast to previous Spring Budgets will be a pared-down affair, as the government moves towards once-yearly Autumn Budgets from 2019 - Hammond announced that he will be launching a call for evidence from stakeholders on how fiscal measures can be used to tackle the issue of plastic waste.

However, the government has yet to clarify what a single-use plastic is.

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