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Highlights: British finance minister Hammond delivers update on economy

Reuters  |  LONDON 

LONDON (Reuters) - Philip Hammond, Britain's finance minister, delivered a half-yearly update on the public finances and the economy.Below are highlights from his speech to parliament:ON OFFICE OF BUDGET RESPONSIBILITY REPORT"Today the OBR delivers its second report for the fiscal year ... It forecasts more jobs, rising real wages, declining inflation, a falling deficit and a shrinking debt."ON BORROWING, AND ON LABOUR'S FISCAL PLANS"I reported in the Autumn that borrowing was due to fall in every year of the forecast and debt to fall as a share of GDP from 2018-19. "The OBR confirms this ...

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First Published: Tue, March 13 2018. 18:45 IST
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