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Fiscal measures coming up in the UK

These are to back monetary easing and could be announced in the Autumn Statement

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Published Fri, Aug 5, 2016 · 09:50 PM

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    Bank rate back to 1694

    London

    THE UK government is expected to cut taxes and increase infrastructure spending to back up the Bank of England's (BOE) £170 billion (S$300 billion) monetary bazooka.

    The Keynesian reversal of George Osborne's austerity campaign, which is aimed at achieving a budget surplus, is forecast to be announced when Philip Hammond, the new Chancellor of the Exchequer, presents his "Autumn Statement".

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