22-11-2016 22:13 via uk.news.yahoo.com

Hammond gets boost from October borrowing data

By David Milliken and Andy Bruce LONDON (Reuters) - British finance minister Philip Hammond got some rare good news about the country's finances on Tuesday as he finalises his first budget statement, which is still likely to forecast a surge in borrowing as Britain prepares to leave the EU. Instead, economists predict Hammond could announce more than 100 billion pounds of extra borrowing on Wednesday, as Britain's independent budget office is likely to forecast slower growth, weaker tax revenues
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