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Hammond to give brighter outlook for UK's Brexit-bound economy

Reuters  |  LONDON 

By William SchombergLONDON (Reuters) - Britain's finance minister is expected to announce on Tuesday an improvement in the country's slow economic growth outlook in the run-up to Brexit, raising the prospect that he might relax his grip on public spending later this year.But Philip Hammond will use a half-yearly update on the public finances to stress that his priority remains to ease the burden of Britain's 1.7 trillion pounds in public debt.Britain has cut its annual borrowing from 10 percent of gross domestic product in 2010, when it was reeling from the global financial crisis, to around ...

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First Published: Tue, March 13 2018. 12:59 IST