Hammond aims to ease UK living standards squeeze, focus on budget

Britain's Chancellor will say on Wednesday that he is reducing a benefits squeeze for low-paid workers, but that fixing the public finances and improving productivity are the best ways to improve living standards. The Treasury said Philip Hammond, Britain's chancellor of the exchequer, would announce that low-paid workers would lose tax credits at a slightly slower pace as their earnings rise, softening some of the impact of a sharp rise in inflation caused by the Brexit hit to the pound. The go