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Britain braces for first budget since Brexit vote

Chancellor of the Exchequer Philip Hammond is to deliver Wednesday the first budget since the Brexit referendumBritain on Wednesday delivers its first budget since the Brexit referendum, with economists expecting a slight shift away from years of austerity as the nation readies its EU exit strategy. The Conservative government’s finance minister Philip Hammond will deliver his so-called Autumn Statement before parliament around 1230 GMT Wednesday — exactly five months after the Brexit vote. “We need to be match fit for the opportunities and challenges” arising from Brexit, Hammond declared on Sunday, while warning that Britain still faced an “eye-watering” deficit.

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