Chancellor says ‘austerity finally coming to an end’, announcing £400m for ‘little extras’ for schools and £1.7bn for universal credit work allowances
- Key points from budget 2018 – at a glance
- £650m funding for social care crisis
- Growth forecasts revised up (but still ‘dismal’)
Here is the page on the Treasury website with links to the budget documents.
Here is the budget red book (pdf) – the main budget document.
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My colleague Lisa O’Carroll says the amount of money announced to replicate the work of the European Investment Bank sounds inadequate.
Hammond announces £200m, if needed, to replace European Investment Bank (low cost borrowing for govts across EU for infrastructure etc)
Last year EIB lent £2.143 billion to the UK. See graphic. pic.twitter.com/WCE9AM3r6I
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