Tag: UK deficit

• Monday, March 12th 2018 - 09:33 UTC

  Hammond: no end to austerity: surpluses will be used to lower UK debt

  

  British Chancellor Philip Hammond has rejected calls by Labour and some Conservatives to announce the end of austerity in his spring statement on Tuesday. He is expected to unveil the smallest budget deficit since 2002, thanks to better than expected public finances.