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UK set for years of slow growth but Hammond vows to do better

Reuters  |  LONDON 

By William Schomberg and David MillikenLONDON (Reuters) - Britain's sluggish economy looks set for more weak growth stretching out over the next five years, according to official forecasts announced by finance minister Philip Hammond on Tuesday as the country heads for Brexit.But Hammond, delivering a half-yearly update on the government finances, said Britain's budget forecasters expected the economy to expand by 1.5 percent in 2018, up only a touch from a forecast of 1.4 percent in November even though the world economy is growing strongly.Growth forecasts in 2019 and 2020 were kept ...

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First Published: Tue, March 13 2018. 19:42 IST
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