Investing.com - Britain has cut its official forecasts for GDP growth for the next two years, finance minister Philip Hammond said.
Office for Budget Responsibility (OBR) sees 2017 GDP growth of 1.4% 2017, down from 2.2% estimate in March.
Hammond said the OBR now sees 2018 growth at 1.7%, down from 2.1%. Forecasts for 2019, 2020 unchanged at 2.1%.
Hammond was delivering his autumn budget statement to parliament.
The March forecasts were based on the assumption that Britain would vote to stay in the EU.