Amid better-than-expected growth forecasts and lower government borrowing, the Chancellor will today pledge to ‘build for Brexit.’
Mr Hammond will seize on the economic upturn and higher tax revenues to set out an optimistic vision for the UK’s future.
During the Spring Statement, the Chancellor will fall short of calling for an end to austerity, claiming overall national debt is still too high; but will praise the ‘resilience’ of the UK economy during the uncertainty of Brexit negotiations.
At the weekend, Mr Hammond said: ‘There is light at the end of the tunnel because what we are about to see is debt starting to fall after it has been growing for 17 continuous years,’ said the Chancellor.
‘That is a very important moment for us but we are still in the tunnel at the moment.’