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Autumn Statement takeaways for the City

Philip Hammond's loosening of the fiscal purse strings in his Autumn Statement, including a boost for infrastructure investment and encouragement for venture capital to back growing UK firms, have been welcomed by the City. But in the words of one economist: "There isn’t really enough money being spent here to solve long-term problems."

Philip Hammond leaves 11 Downing Street to deliver his Autumn Statement to Parliament today
Philip Hammond leaves 11 Downing Street to deliver his Autumn Statement to Parliament today Photo: Getty Images

Philip Hammond's loosening of the fiscal purse strings in his Autumn Statement, including a boost for infrastructure investment and encouragement for venture capital to back growing UK firms, have been welcomed by the City. But in the words of one economist: "There isn’t really enough money being spent here to solve long-term problems."

Here, FN looks at the key Autumn Statement takeaways and what the City thinks of them.

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