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

clock • 2 min read

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 dro...

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