23-11-2016 19:43 via news.yahoo.com

Bracing for Brexit, UK ramps up borrowing and cuts growth forecasts

By William Schomberg and David Milliken LONDON (Reuters) - Britain has ramped up its borrowing outlook by much more than expected after forecasters said its vote to leave the European Union would hurt the economy, giving the government only a little room to ease looming pressure on households and firms. Chancellor Philip Hammond said June's referendum result made it "more urgent than ever" to invest in tackling Britain's long-term weaknesses, such as productivity growth that is among the slowest
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