UK Chancellor’s Economic Statement – A Cicero/AMO overview

How times have changed. In December 2019, the Conservatives under Boris Johnson’s leadership won a crushing General Election victory and seemed assured of ten years in power. Now all bets are off.

The Prime Minister might once have envisaged this summer as an opportunity to outline the Government’s vision of a buccaneering post-Brexit ‘Global Britain’. But the domestic economic realities are sobering, with unemployment figures rising daily.

Today’s Summer Economic Update or “A Plan for Jobs” acknowledges this new reality, with its focus on a plan “to protect, support and create jobs.” In this regard, although the Chancellor confirmed that furlough schemes will end in October, he has thrown the proverbial kitchen-sink at trying to protect existing jobs…

Click here or scroll down to read Cicero/AMO’s overview of the Chancellor’s Economic Statement

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Tom Frackowiak

Managing Director - UK Public Affairs