{"id":8733,"date":"2017-03-05T05:55:30","date_gmt":"2017-03-05T05:55:30","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/no-spending-sprees-in-uk-budget\/"},"modified":"2017-03-05T05:55:30","modified_gmt":"2017-03-05T05:55:30","slug":"no-spending-sprees-in-uk-budget","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/no-spending-sprees-in-uk-budget\/","title":{"rendered":"No ‘spending sprees’ in UK Budget"},"content":{"rendered":"
\"PhilipImage copyright Reuters
Image caption Philip Hammond said the economy had "confounded expectations" but warned against "complacency" <\/figcaption><\/figure>\n

There will be no "spending sprees" in Wednesday's Budget, Chancellor Philip Hammond has warned.<\/p>\n

Writing in the Sunday Times, he said the economy had proven to be "robust" but there was still a need for fiscal discipline ahead of leaving the EU. <\/p>\n

Mr Hammond said the country needed to "get back to living within our means" and reduce its borrowing.<\/p>\n

The government has been under pressure to provide more money for the NHS and social care. <\/p>\n

On Saturday tens of thousands of people marched in London to protest against "yet more austerity" in the health service. <\/p>\n

But Mr Hammond criticised those who wanted higher borrowing as "confused" and "reckless".<\/p>\n

Public sector net debt - not including public sector banks - was \u00a31.68bn at the end of January 2017, equivalent to 85.3% of GDP, according to the Office for National Statistics. <\/p>\n

It has increased by \u00a391.7bn since January 2016, the ONS said. <\/p>\n

'\u00a3500m for vocational education'<\/p>\n

Dull Budget? Your finances will change anyway<\/p>\n

Mr Hammond said the economy had "confounded expectations" and shown itself to be "remarkably resilient", but he warned this was no time for "complacency". <\/p>\n

"As we begin our negotiations with the EU we are embarking on a new chapter in our history," he wrote. <\/p>\n

"We need to maintain our commitment to fiscal discipline and to strengthen our economic position as we forge our vision of Britain's future in the world."<\/p>\n

Mr Hammond last year abandoned the timetable of his predecessor, George Osborne, to eliminate the deficit by 2020, instead pledging to invest in homes and transport. <\/p>\n

He said this approach - to bring income and spending back into balance between 2020 and 2025 - would leave flexibility over the next few years. <\/p>\n

But Labour leader Jeremy Corbyn said the NHS was in "crisis" and called for the government to provide more funding. <\/p>\n

Speaking to protesters in Parliament Square on Saturday, he said the "crisis" was caused by a "political choice" made by the government. <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright ReutersImage caption Philip Hammond said the economy had "confounded expectations" but warned against "complacency" There will be no "spending sprees" in Wednesday's Budget, Chancellor Philip Hammond has warned.<\/p>\n","protected":false},"author":1,"featured_media":8734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/8733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=8733"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/8733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/8734"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=8733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=8733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=8733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}