The Chancellor up before the Treasury Select Committee

  • IMF gorwth forecasts reflect how we are being affected by Brexit talks uncertainty
  • There’s plenty of anecdotal evidence that businesses and consumers are waiting to see the direction of Brexit
  • The UK economy is fudamentally robust but has a cloud of uncertainty over it
  • We need to remove that clooud as soon as possible
  • UK does have an underlying fundamental problem with productivity growth (as the OBR stressed yesterday)
  • Is ready to spend for a no deal when necessary
  • We have to be prepared for a no deal scenario, unless and until we have evidence that that is not where we’ll end up
  • Does not propose to allocate Brexit funds to depts before spending is needed
  • Money spent on customs border with EU would be money that could not be spent on public services (spin spin spin)

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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