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UK government slashes growth forecast for next year

GBPUSD News by Newsroom on 08:53 November 22, 2017 EST

Headlines of Philip Hammond's Autumn 2017 Budget revealed on Wednesday morning:

Stamp duty to be abolished for all first-time buyers up to £300,000
Economic growth estimates for 2017 slashed. The UK economy is now expected to grow by 1.5% in 2017, a downgrade from the 2% forecast made in March.
Cut to business rates brought forward, saving £2.3bn
Higher road tax for diesel cars - not vans - to pay for "clean air fund"
£2.8bn more for NHS in England
Cost of cigarettes goes up and rises to National Living Wage confirmed