Hammond's Budget Focus Should Be Infrastructure, Economists Say
- U.K. chancellor due to deliver spring Budget on March 8
- Fiscal position has been helped by economy’s solid growth
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The U.K. economy needs to be match fit for Brexit and infrastructure should be among Chancellor of the Exchequer Philip Hammond’s priorities in his Budget next week, according to economists.
More than 40 percent of respondents to a Bloomberg survey listed investment in projects including transport and communications as their No. 1 choice when asked what the Treasury should focus on. Corporate-tax reform and health spending came second, at 24 percent. Only 6 percent put housing first.