The Chancellor of the Exchequer, Philip Hammond, should add the estimated £10bn ($49.9bn) saved from lower public borrowing to the country's £3bn Brexit war chest as a "buffer against future economic shocks", said John Hawksworth of PwC. According to a survey by Lloyds bank, 42% of businesses are holding back on investment projects because of uncertainty about Brexit, while smaller firms were looking for "reassurance" and "further clarity" from Hammond's spring statement.
The Chancellor of the Exchequer, Philip Hammond, should add the estimated £10bn ($14bn) saved from lower public borrowing to the country's £3bn Brexit war chest as a "buffer against future economic shocks", said John Hawksworth of PwC. According to a survey by Lloyds bank, 42% of businesses are holding back on investment projects because of uncertainty about Brexit, while smaller firms were looking for "reassurance" and "further clarity" from Hammond's spring statement.