UK's Hammond sees more spending, tax cuts if Brexit deal done: FT

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UK's Hammond sees more spending, tax cuts if Brexit deal done: FT
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British finance minister Philip Hammond said he would be able to free up billion...

Britain's Chancellor of the Exchequer Philip Hammond is seen outside of Downing Street in London, Britain, March 5, 2019. REUTERS/Peter Nicholls

Hammond told the FT that the new official fiscal forecasts would show that the public finances were in better shape than in his last budget statement and he would have more than the 15.4 billion pounds of fiscal “headroom” he has previously earmarked for potential spending. When Hammond announced his most recent full annual budget plan in October, he also held out the prospect of higher spending if parliament backed the government’s Brexit plans.

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