'Light at the end of the tunnel' but no end to austerity

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"As a result, the Government's headroom against its fiscal targets is virtually unchanged".

"Any headroom the Chancellor has must be used to leave a lasting mark on the UK's infrastructure and to attract investment - particularly with the challenges and changes of Brexit ahead".

Philip Hammond to present his Spring Statement - so what's in it?

The Shadow Chancellor accused Hammond of shifting the blame "onto the public services his colleagues are responsible for", and called for urgent action.

At the weekend Hammond said: "It has been a long road and there is still work to be done, but I am confident that there is light at the end of the tunnel".

"This underlines just how vital it is to secure a Brexit that delivers for jobs, and an industrial strategy that helps transform United Kingdom productivity in all corners of the country", she said.

The Chancellor will publish a call for evidence on whether the tax relief for agricultural diesel contributes to air pollution.

Van drivers and businesses purchasing a new low-emissions commercial vehicle in the future may face lower vehicle tax rates, the Treasury has said.

The nine-week consultation will look at the "whole supply chain" for single-use plastics, and examine ways to deliver renewable alternatives and recycling opportunities.

But wait. isn't Hammond forgetting the looming economic disaster of Brexit?

Eni to sell $934m stake in Egypt's Shorouk concession to Mubadala Petroleum
The awards mark the first time an Italian energy company has been given concession rights in Abu Dhabi's oil and gas sector. On the other hand, about 30% stake in the Umm Shaif and Nasr concession is still up for grabs.

He added that there will be more pay for NHS employees if Management and workers agree on a deal.

Inflation hit 3.1% in November 2017, but the OBR predicted it had reached its peak.

The Chancellor's predicts real wage growth will turn positive in the first quarter of 2019.

The world's sixth-biggest economy would grow a bit more slowly than previously thought in the following two years, by 1.4 and 1.5 per cent respectively in 2021 and 2022.

However, since Hammond's previous Budget statement, the Office for National Statistics (ONS) has revealed economic growth actually attained 1.7% in 2017.

The new forecasts for net borrowing as a percentage of GDP are 1.8% for 2018/19, 1.6% for 2019/20, 1.3% for 2020/21, 1.1% for 2021/22 and 0.9% for 2022/23.

Chancellor Philip Hammond stood up to deliver his spring statement at 12.32pm.

The economy has seen higher employment and lower unemployment, adding 3 million jobs, he said.

British Minister of Finance Philip Hammond will present what is expected to be a tempered biannual financial report, the Spring Statement, to the House of Commons today. Those looking for any major spending or policy announcements will be left disappointed.

Mr Hammond said his deputy Elizabeth Truss would publish the departmental allocation of more than £1.5 billion of Brexit preparation funding for 2018-19.