UK Autumn Budget: UK will be prepared for every possible Brexit outcome

Below are some of the key highlights from the UK government’s autumn budget, presented by Chancellor of the Exchequer Philip Hammond.

   •  Brexit talks in a critical phase
   •  Will set aside a further £3bln for Brexit preparations
   •  UK at last seeing debt peaking

   •  OBR forecasts on GDP growth:
       2017 - at 1.5% vs. 2% in March
       2018 - at 1.4% vs. 1.6% in March
       2019 - at 1.3% vs. 1.7% in March

   •  OBR forecasts on budget deficit:
       2017/18 - £49.9 billion (2.4% of GDP) vs. £58.3 billion (2.9% of GDP) in March 
       2018/19 - will be below 2% of GDP vs. 1.9% in March