Economy UK economy approaching full capacity, says Hammond

UK economy approaching full capacity, says Hammond

Chancellor Philip Hammond.

Britain’s economy is approaching full capacity, chancellor Philip Hammond said on Tuesday ahead of his Nov. 22 budget announcement when asked about using public money to finance home building.“Increasing activity in the construction sector is a very good way of creating jobs but … at 4.3 percent, our economy is approaching full employment, the output gap is extremely small,” Hammond said in response to a question in parliament about increasing borrowing to fund more housing.

Previous articleItalian Ambassador supplies proof of Jewish connection to Jerusalem
Next articleMugabe would have rejected WHO role, says spokesman after its U-turn