Spring Statement: Inflation to return to target

Gum on pavement

Gum on pavement

Growth forecasts in 2019 and 2020 were kept unchanged at 1.3 percent, Hammond told parliament, citing figures from the independent Office for Budget Responsibility.

They want to check a rise in support for the opposition Labour Party which has promised to end the Conservative squeeze on public-sector pay and invest more in infrastructure.

Mr Hammond is expected to speak for less than half an hour.

Forecasts for growth are expected to be revised up, while borrowing forecasts are expected to be revised down.

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 percent respectively in 2021 and 2022.

Kimberly Clark Corp (NYSE:KMB) Shares Sold by Arrowstreet Capital Limited Partnership
It dived, as 64 investors sold KMB shares while 404 reduced holdings. 968,625 were reported by Ny State Common Retirement Fund. State Of Tennessee Treasury Department sold 85,500 shares as the company's stock declined 3.59% while stock markets rallied.

Has $22.13 Million Stake in Mondelez International Inc (MDLZ)
Finally, Tortoise Investment Management LLC grew its stake in shares of Mondelez International by 232.4% during the 3rd quarter. Beck Mack And Oliver Limited Liability Corporation owns 6,412 shares or 0.01% of their United States portfolio. (NASDAQ:INGN).

Booking Holdings Inc. (BKNG) Given Consensus Recommendation of "Buy" by Brokerages
After $1.24 actual EPS reported by Torchmark Corporation for the previous quarter, Wall Street now forecasts 17.74% EPS growth. Investors sentiment decreased to 1.03 in 2017 Q3. 1,653 were accumulated by Old Mutual Customised Solutions (Proprietary) Ltd.

At the weekend he said: "There is light at the end of the tunnel because what we are about to see is debt starting to fall after it has been growing for 17 continuous years".

Mr Hammond will instead
announce consultations on issues such as cutting environmentally damaging plastic waste ahead of a full-scale Budget in late autumn.

The Chancellor will use his first Spring Statement on Tuesday to call for evidence on how to reduce damaging waste, and the new plastic innovation fund, which is also expected to be announced on Tuesday, say Sky News, is expected to be one of the few spending policies in his statement.

Shadow chancellor John McDonnell said: "Our public services are at breaking point and many of our local councils are near bankruptcy".

Tory Brexiteer John Redwood has also argued that the chancellor can afford to borrow to invest in schools, defence and the NHS, and "start to think about how we spend that Brexit bonus that comes as soon as we stop sending so much money to the European Union as contributions".

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