Hammond said growth would be 2.4 percentage points lower than would have been the case during the forecast period. Growth is forecast to be 1.7% in 2018, 2.1% in 2019 and 2020, and 2% in 2021. RM: Innovation is another big theme of this autumn statement, with Hammond stressing the need for long-term investment in industries for the future. English regions£1.8bn from the local growth fund to go to regions. Abolishing the autumn statement (sort of)Budget to be moved to the autumn from March.

Source: The Guardian November 23, 2016 12:42 UTC