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Hammond: UK economy expected to grow at faster pace

8 monthes ago   |   By

Upgrade largely reflects stronger than expected global growth as major economies enjoy a rare, synchronised upswing
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5 charts from the Spring statement show the UK economy is doing better than expected

5 charts from the Spring statement show the UK economy is doing better than expected

8 monthes ago   |   By

LONDON - Chancellor Philip Hammond delivered a pared-down spring statement on Tuesday which said the UK economy is faring better than predicted.
The statement used to act as a "mini-budget," but Hammond has broken with tradition and pledged to deliver only one budget a year, in the Autumn.
Instead, Hammond unveiled the latest economic forecasts from the Office for Budget Responsibility which show how the UK economy is performing.
He also said the government was considering new taxes on single-use plastic and on the profits of tech giants like Facebook and Google.
Here's what we learned.
1...
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