LONDON—U.K. Treasury chief Philip Hammond on Wednesday presented fresh forecasts showing the British economy is set to grow strongly in 2017 before slowing next year, in a low-key parliamentary performance that focused more on ironing out wrinkles in personal taxes than the potential challenges of Brexit. In his first annual budget speech since taking office in July, Mr. Hammond sounded a cautious note on the U.K.’s public finances despite a rosier outlook for government borrowing, saying that Britain’s...

Source: Wall Street Journal March 08, 2017 13:07 UTC