Autumn Budget 2017: OBR significantly cuts UK growth forecasts; Hammond sets aside further £3bn for Brexit

Chancellor Philip Hammond delivers the Autumn Budget 2017

Chancellor Philip Hammond delivers the Autumn Budget 2017

The Office for Budget Responsibility (OBR) has reduced the UK's GDP growth forecasts for 2017-18 by 0.5% in today's Autumn Budget, as productivity growth continues to disappoint.

In the second and final Budget of 2017, Hammond revealed economic growth in 2017 is expected to reach 1.5.%, lower than the previous forecasts in March of 2%. The OBR's forecast for 2018 has dropped...

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