Three Bits Of Bad News Buried In Philip Hammond's Spring Statement

Philip Hammond tried hard to focus on the positives as he delivered his spring budget statement.His Commons address on Tuesday was on the short side, lasting just 26 minutes, but he promised “light at the end of the tunnel” with the UK’s economy growing faster than expected.The Office for Budget Responsibility (OBR) revised up its growth forecast for 2018 from 1.4% to 1.5%, while borrowing is forecast to be £45.2bn this year, £4.7bn lower than forecast in November -