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hammond budget

Budget 2017 | Chancellor looks to infrastructure spend to counter economic slowdown

The gag-filled start to this year’s budget from Chancellor Philip Hammond could not mask a subdued economic outlook in the form of the Office for Budget Responsibility’s (OBR) downgrading of its GDP growth forecast for 2017 from 2% in March to 1.5% – and a further slowdown in the economy to 1.3% in 2019.

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