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The Chancellor will present a Spring Statement on 13 March setting out economic forecasts

Chancellor Philip Hammond told MPs on the Treasury Select Committee that the statement will not be a “major fiscal event”.

Instead it will discuss longer-term issues and set out the latest official economic forecasts.

The chancellor said ministers have had general discussions about the Brexit negotiations but not specifically talked about what the final outcome should be.

That will happen when the UK and EU move on to the second stage of Brexit negotiations.

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