Spring statement – Main Points
The Chancellor presented his first Spring statement to Parliament. Main highlights included:
GDP growth is set to remain between 1.3% pa and 1.5% pa between now and 2022.
- UK public debt as a percentage of GDP is expected to fall over this same time from 85% to 78%. This debt level remains high and keeps the economy vulnerable to future shocks.
- Other key messages included a focus on increasing housing and improving the environment.
There were no main points of note impacting on UK or International Pensions.