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