UK Chancellor Philip Hammond delivers Autumn Budget

Hammond announced which he was setting aside one more £3 billion ($3.98 billion) for Brexit preparations, on top of the £700 million already invested.

The chancellor added which “Regrettably, our productivity performances continues to disappoint.”

fresh measures unveiled during the speech included raising the National Living Wage for those over 25 through £7.50 per hour to £7.83 per hour through April 2018. In addition to Hammond’s recent comments which the U.K. government build 300,000 fresh homes per year, the Autumn Budget also pledged to abolish stamp duty for all first time buyers purchasing homes under £300,000.

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