Economics

U.K. Cuts Growth Forecast Amid Parliament’s Brexit Chaos

U.K. Chancellor of the Exchequer delivers spring statement
Says MPs’ rejection of Brexit deal left ‘cloud’ over economy

Hammond describes the "cloud of uncertainty" which hangs over the U.K. economy.Source: Bloomberg

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By Jess Shankleman

March 13, 2019 at 12:51 PM UTC

Updated on

March 13, 2019 at 5:46 PM UTC

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Chancellor of the Exchequer Philip Hammond used his spring statement to hint that he wants Theresa May to soften her red lines on Brexit, urging all sides of Parliament to work together to agree a deal.