There was no red briefcase, no red book, no spending increases and no tax changes as the Chancellor announced updated economic forecasts in a speech lasting less than half the time of any of his previous statements.
Hammond further rang the changes by moving his speech to a Tuesday, rather than its usual slot immediately after Prime Minister’s questions on a Wednesday.
Far from being a second financial statement of the tax year, the Chancellor unveiled the latest economic forecasts alongside a raft of consultations.
Read our summary below.
Aside from updated economic forecasts, the rest of the Chancellor’s attention focused on policy consultations – some new, others previously announced.
These consultations may feed into Autumn Budget 2018.
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