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Hammond Signals ‘Light at End of Tunnel’ for U.K. Austerity

  • Hammond says smallest deficit in decade is key moment
  • Details of public spending review may come in Autumn Budget

Britain may soon start to see the beginning of the end of austerity, as the Chancellor of the Exchequer prepares to announce the smallest deficit in a decade during his Spring Statement on Tuesday.

Philip Hammond said he’ll announce plans to consult on loosening the public purse strings, with some decisions made by the Autumn Statement, and a public spending review in 2019 for the period after 2020.