Philip Hammond upbeat on growth and spending in spring statement

Chancellor says economy will beat forecasts and budget deficit will be lower than expectedPhilip Hammond has paved the way for raising government spending after Britain leaves the European Union, should the public finances continue to improve, after revealing a short-term lift for economic growth.In the government’s first spring statement, the chancellor said the economy was on track to grow a little faster than expected this year, despite the prospects for weaker growth in the medium term. Meanwhile, he said the budget deficit – the difference between public spending and income from taxes – was also set to beat expectations. Continue reading…
Via: Philip Hammond upbeat on growth and spending in spring statement