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Infrastructure firms may get more work following Chancellor Philip Hammond’s Autumn Statement Arnd Wiegmann/ Reuters

After the shock and awe of the Bank of England cutting interest rates to a 322-year low of 0.25%, investors are pinning their hopes on Chancellor Philip Hammond's Autumn Statement avoiding a recession and keeping the equities market afloat.

Bank governor Mark Carney announced a big bazooka of stimulus measures earlier this month to kick-start the economy. This also included boosting quantitative easing by another £60bn ($70bn), bringing the programme up to £435bn.

The Bank also announced a new Term Funding Scheme (TFS) to reinforce the pass-through of the cut in interest rates and the purchase of up to £10bn in UK corporate bonds.

But most commentators say the Bank is coming pretty close to running out of monetary policy bullets, and it is now up to Hammond when he sets the date for the Autumn Statement, to respond with a mixture of tax and spending measures.

The moves by the Bank have made it cheaper than ever before for the government to write cheques.

Market analyst Tony Cross at broker Trustnet says investors will be looking for measures from Hammond to help reflate sectors that have lagged the recovering equities market since June's Brexit vote.

"The Bank has done what it can," says Cross, who has worked in the markets for almost 20 years.

"Investors will look for support from Hammond for underperforming stocks," he says.

Cross adds that the Chancellor's efforts will be crucial if the UK economy is to avoid a recession following signs of frozen investment and slowing output in the Brexit aftermath.

The market watcher estimates this will be the most important government economic statement since the coalition government emergency Budget in June 2010, which saw Labour swept from power after 13 years in office.

Cross says: "The government might look to do more with social care. Local councils have much less money to work in this area. The government might employ outsourcing firms such as Capita or G4S to play a larger part in the care home sector."

The market analyst, who has also worked for rivals CMC Markets and IG Group, also reckons the government may boost infrastructure spending now the government can borrow at ultra-low rates.

The UK's National Infrastructure Delivery Plan in March committed the government to investing over £100bn in infrastructure by 2020-21, covering projects as diverse as road building to improving broadband coverage.

Cross said: "Hammond will have some leeway to bring projects forward and direct spending, and this may benefit large development groups such as Carillion or John Laing Infrastructure."

Housebuilders have had a tougher time of it, in a market that dropped sharply in the days after the June 23 Brexit vote, but has more than recovered since. Overall, the FTSE 100 Index is so far around 11% higher this year.

But for home builders slower sales dogged the run up the Brexit vote, as well as its aftermath.

A Royal Institution of Chartered Surveyors (Rics) survey last week showed house price rises slowed significantly in the three months to the end of July.

Rics said new buyer inquiries, home sales and new instructions all fell over the period.

Cross said: "The Autumn Statement might offer a moratorium on stamp duty reforms or a further extension of the government's Help to Buy scheme, which gets first-time buyers onto the housing ladder."

Investors are just one of the many audiences the Chancellor will have to convince when he presents his Autumn Statement.