Chancellor's Spring Statement - key announcements and NFU analysis

chancellor philip hammond and new pound coin - spring statement_52631

The NFU's economics and tax experts have put together an initial briefing on the key announcements from the Chancellor's Spring Statement which may impact on members' businesses.

As expected, this was a relatively low key fiscal event with no major changes to taxation or spending.

In the main, the Spring Statement allowed the government to make a formal response to the Office for Budget Responsibility's March economic and fiscal forecast.

However, as usual there is a large amount of detail in the government’s documents.