Hammond says growth, not budget surplus, key to reduce debt
Chancellor Philip Hammond raised the prospect of looser budget policy after Brexit and said faster growth was the best way to cut Britain's debt burden, but insisted he was still committed to ultimately running a budget surplus.Hammond's annual budget last week reinforced some analysts' doubts about his commitment to a budget surplus, after he used a tax windfall to fund public spending commitments rather than to make faster progress at reducing public debt.Prime Minister Theresa May said last m
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