"The chances of getting sizeable tax rises through parliament are next to nil. It's surely borrowing that would take the strain. That's a judgment... that could see debt ratchet upwards."
Hammond had used a windfall of 20 billion pounds (about 25.4 billion U.S. dollars) revealed in new data and statistics from the Office of Budget Responsibility (OBR), the independent government data body.
The OBR's data is used as the basis for all income and expenditure figures and for all forecasts of economic performance and measures of the economy used in Hammond's Budget.
Johnson said: " What does explain the improvements which allowed the Chancellor space for his largess? It mostly comes down to small scale improvements in a range of forecast tax revenues -- they keep coming in a bit better than expected."
The flagship proposal in Hammond's Budget was the increase in spending on the government-funded National Health Service (NHS), set to increase by 20 billion pounds by 2023/24, the end of the Budget forecast period.
Johnson dissected the government's increased spending plan to reveal that it is a reversal of the underfunding in historic terms that the NHS endured under the austerity policies of Hammond and his predecessor George Osborne as Chancellor of the Exchequer since 2010.
Johnson said it was difficult to measure spending on the NHS but under several measures, the rise was what one is measuring between 2.6 percent a year (an estimate of total health spending increases between 2017-18 and 2023-24) and 3.4 percent a year (daily spending on the NHS over the same period).
【国际英语资讯:Brexit threat to Britains latest budget: expert】相关文章:
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