Autumn Statement 2016: Phillip Hammond announces UKs first budget post Brexit
The Dollar Business Bureau Britain's Finance Minister Philip Hammond in his first economic policy announcement post Brexit said the UK’s expected GDP growth would be 2.1% this year and 1.4% in 2017, mainly due to lower investment and weaker demand, and those are caused by greater uncertainty and higher inflation. He projected the country’s GDP to grow by 1.7% in 2018, 2.1% in 2019, 2.1% in 2020 and 2% in 2021. “Over the forecast period, growth is expected to be 2.4% lower than forecast as a result of Brexit,” Hammond said. Making his first budget announcement, Hammond said the government will form a new national productivity investment fund worth £23 billion to focus on innovation and infrastructure, as well as it will also ...
A review of the Budgets impact on exportsimports and foreign investments
D K Aggarwal, Chairman, SMC Investments & Advisors Ltd. The global economic situation is a major determinant of export performance of any country, thus export growth cannot be viewed separately. With the global economy continuing to be volatile, India’s export growth performance in the last one and a half years has been much below as compared to the previous years. This is because of India’s heavy dependence on petroleum products and Gems and Jewellery. The recent Union Budget tabled by the Union Finance Minister, is perceived to be a pragmatic budget in accordance with the current Indian Economic Scenario, which set the pace for addressing long-pending issues. This path-breaking budget, clearly spells the vision of the Modi-led BJP government. ...
