Fortuna Silver Mines Inc (FSM) Lowered by ValuEngine
Tesla Motors INC (TSLA) Shareholder Bamco INC Increased Its Stake
Who Is Responsible for the Southwest Accident?
FAA to Order Inspections of Jet Engines After Southwest Blast
Philip Hammond upbeat on growth and spending in spring statement
13 March 2018, 06:34 | Hattie Nash
Hammond said he is"positively Tigger-like in his optimism
Philip Hammond has said there is "light at the end of the tunnel" for the United Kingdom economy, with the government's official forecaster upgrading short-term growth projections and predicting falls in inflation, debt and borrowing - but warning of the growing impact from Brexit in future years.
Growth forecasts in 2019 and 2020 were kept unchanged at 1.3 per cent, Hammond told parliament, citing figures from the independent Office for Budget Responsibility.
Those forecasts, based on the assumption that Britain would stay in the European Union, saw growth of above 2 percent for each year between 2018 and 2021.
Mr McDonnell said the Tories had added £700 billion to the national debt over the past eight years.
Mr Hammond also gave a report on Britain's economy, with economic growth ahead of its predicted targets and inflation expected to slow in coming years.
Nice Tuesday, Rain and Snow later in the week
Look for partly to mostly sunny skies, with breezy conditions and temperatures only getting up into the cooler 40s again. The system leaves slightly before 12 p.m. and that means the rest of Monday will be rather sunny with a high of 50.
The chancellor has hinted that he will increase spending on public services when he delivers his budget in the autumn.
It should last somewhere between 20-30 minutes, but the entire session is expected to go on for a couple of hours.
The budget deficit for the current 2017/18 fiscal year has been cut to an estimated 45.2 billion pounds from a forecast of 49.9 billion made in November, Hammond said.
The OBR has already upgraded its fiscal forecasts twice over the previous year, in March 2017 and November, as tax receipts have come in stronger than previously expected.
"There is light at the end of the tunnel because what we are about to see is debt starting to fall after it has been growing for 17 continuous years", said the Chancellor.
Chancellor Philip Hammond today unveiled lower government borrowing forecasts as slightly stronger growth and higher tax receipts boosted the public finances.
The chancellor said the latest estimates, which show public debt as a share of GDP falling for the next five years, showed the country was at a turning point, a decade on from the financial crisis.
There was, he said "light at the end of the tunnel".
Mr Hammond said this makes the economy vulnerable to future shocks and places "a significant burden on future generations". The consultation will remain open until 5 June 2018.
Mr Hammond said some businesses were avoiding paying VAT on sales, but he added that others were simply unfamiliar with paying taxes as this had been done on their behalf. His Treasury deputy Liz Truss said there would be "no red box, no rabbits out of the hat and no tax changes".
The Chancellor also informed MPs that around 60,000 first time buyers have benefited from the stamp duty relief he announced in the Autumn Budget. "As a nation we did it in 2017 and it is our business to do it again".
Katy Perry floors American Idol contestant with impromptu kiss
Trevor sang Brett Young's "In Case You Didn't Know", changing the lyrics to "In case you didn't know/Katy, I'm insane 'bout you". Nowhere has seen higher highs and lower lows when it comes to reality television than the American Idol audition stage.
Tease wins Crufts amid protest at the NEC
Crufts blamed the incident on animal rights group PETA and accused the man of putting the competitors' safety at risk. Ms Short had just proudly stepped up to the podium with her Best In Show victor when the commotion unfolded.
Verizon LG V30 Android 8.0 Oreo Update Released
The Xperia R1 offers 2GB of RAM and 16GB of internal storage, while the R1 Plus offers 3GB of RAM and 32GB of internal storage. HTC , on the other hand, has started pushing the Oreo update for the U Ultra , its very first flagship offering from 2017.
Tiger Woods to take over as USA captain
Off the course, Els is the player Woods sought out in the 1996 British Open when he was trying to decide whether to turn pro. The last playing captain in Ryder Cup history was Arnold Palmer in the 1963 match at Atlanta Athletic Club.