Spring is finally in the air, but the chancellor is right to play it safe
(World News UK)

The Spring Budget may have been downgraded to a mere Statement – with all fiscal announcements reserved for the November Budget – but yesterday’s speech by the chancellor still gave some useful insights into what to expect during 2018. So too did the revised forecasts from the Office for Budget Responsibility (OBR) that accompanied the Statement. With the second half of 2017 showing stronger momentum for the UK economy, and outcomes for public finances also more positive than the OBR had pencilled in, some upward revisions were always on the cards. And improved numbers this spring will give the Philip Hammond more room for manoeuvre in November if the UK economy remains on...