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Budget could be ‘watershed’ for commercial property

Colliers' chief economist voices concerns over residential developments and foreign investor sentiment towards the UK

Budget could be ‘watershed’ for commercial property

The chief economist at commercial property group Colliers says the sector is "watching with bated breath" for this week's autumn budget, adding that it "could signal a watershed moment for the industry".

UK Chancellor Philip Hammond will deliver the budget on Wednesday. The City is seen as having a modest wish list given the political pressure that Hammond has been under, with few people speaking to Financial News expecting big giveaways.

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