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A Statement for the Rites of Spring

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  • Amit Kara

Abstract

Chancellor Phillip Hammond presented the first Spring Statement yesterday. This was not the occasion to expect new fiscal policies or for rabbits out of a hat – we were told that in advance – even the symbolic red budget box was missing. The Chancellor kept to his promise and made this a non-event but in our assessment, he missed the opportunity to address some important long-term challenges facing the economy and public finances such as the pressures from an ageing population and also a shorter-term strategy to neutralise the impact of Brexit.

Suggested Citation

  • Amit Kara, 2018. "A Statement for the Rites of Spring," National Institute of Economic and Social Research (NIESR) Policy Papers 06, National Institute of Economic and Social Research.
  • Handle: RePEc:nsr:niesrp:6
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2021/10/A-statement-for-the-rites-of-spring-4.pdf?ver=A8I1RTsfgscVcOzyWEtl
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