Autumn Budget 2017: Building an economy fit for the future

Amid a downward revision of economic growth from the Office for Budget Responsibility (OBR), the Chancellor delivered an Autumn Budget with a clear focus on long term investment in productivity, housing and skills.

In its latest forecast, the OBR suggested that the UK economy will grow by 1.5% in 2017, 1.4% in 2018 and 1.3% in 2019 – revised down from the March 2017 forecast of 2%, 1.6% and 1.7% respectively.

The latest Lichfields Economic Outlook reports on the key trends from the OBR; the major policy and funding announcements as set out in the Chancellor’s Budget; and explores the challenges to productivity and skills within the construction sector across the country.