Sorry Chancellor, The Picture Still Looks Fairly Bleak, Says BRC
The British Retail Consortium has said that the economic picture for the UK remains 'fairly bleak', despite a somewhat optimistic set of forecasts outlined by Chancellor of the Exchequer, Philip Hammond.
In the annual Spring Statement on the state of the UK economy yesterday, Hammond said that economic indicators point to the government having "capacity to enable further increases in public spending and investment in the years ahead”.
On future macroeconomic prospects, he noted, "our best days lie ahead of us".
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