Tag: Philip Hammond

News / World - 7 years ago

Student loan shake-up puts £12bn hole in public finances

Philip Hammond is facing a £12bn hole in the public finances this year after changes to the way student loans are treated on the government’s books, reflecting that many will never be repaid. In a stroke of the pen from the Office for National Stati...

News / World - 7 years ago

IMF chief highlights recession risk of no-deal Brexit

The UK economy would rapidly start to contract in the event of a disruptive exit from the EU next spring, according to a stark International Monetary Fund report that highlights the recession risks of a no-deal Brexit. Christine Lagarde, the IMF’s m...