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The Office for Budget Responsibility is expected to provide a downbeat prediction for economic growth and government finances next year in its biannual healthcheck, leaving Hammond to impose deeper spending cuts, delay austerity or borrow more to balance the books.
The downbeat prediction came despite George Osborne's intervention in the housing market in the budget with the Help to Buy scheme, which will offer help to first-time buyers and underwrite mortgages for homes worth up to £600,000.
Otherwise what's the point?" Paul Waugh, who revealed the downbeat prediction on the PoliticsHome website, wrote "something tells me No 10 or senior ministers may have to be a bit more optimistic".
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With Wall Street sliding in early trading, more poor economic news from Japan and downbeat predictions from the International Monetary Fund, investors had little reason to be cheerful.
Relief is almost a year away, said the forecasters, John Perriss and Robert J. Coen, who offered their downbeat predictions at the opening session of the 29th annual UBS Warburg Media Week conference in Midtown Manhattan.
The OBR, which is repeatedly accused in Scotland of making downbeat predictions, estimates that proven and probable reserves are closer to 10BBOE (it has them as 1,328 million tonnes of oil equivalent) – much less than Oil and Gas UK predicts.
Potential litigators were just as predictably downbeat.
Downbeat as this quasi-apocalyptic predictions may sound, our conversation soon moves on to the hopeful signs on the horizon.
His tone was downbeat.
Alpher is downbeat about Iran.
The current mood is downbeat.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com