Looking Ahead to Hammond's Autumn Statement

Bloomberg Video

Nov.23 -- U.K. Chancellor of the Exchequer Philip Hammond will outline a series of measures to help “ordinary working-class families” and stress that a stable economy, fiscal discipline and better productivity are the best ways to raise living standards. In his Autumn Statement to Parliament Wednesday, Hammond will pledge 1.4 billion pounds ($1.8 billion) to help build 40,000 new homes and announce a relaxation of the rules governing affordable housing funds, the Treasury said in an e-mailed statement. Other measures will include an increase in the minimum wage from the current 7.20 pounds ($8.93) an hour. Aberdeen Asset Management Senior Investment Manager Luke Hickmore and Centre for Progressive Capitalism Director Thomas Aubrey discuss what they would like to see with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."