Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'

Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'

UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five years, Chancellor Philip Hammond said in today’s Spring Statement.

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