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5 charts from the Spring statement show the UK economy is doing better than expected

Business Insider Logo By Thomas Colson of Business Insider | Slide 1 of 8:  LONDON - Chancellor Philip Hammond delivered a pared-down spring statement on Tuesday which said the UK economy is faring better than predicted. The statement used to act as a "mini-budget," but Hammond has broken with tradition and pledged to deliver only one budget a year, in the Autumn. Instead, Hammond unveiled the latest economic forecasts from the Office for Budget Responsibility which show how the UK economy is performing.  He also said the government was considering new taxes on single-use plastic and on the profits of tech giants like Facebook and Google. Here's what we learned.

LONDON - Chancellor Philip Hammond delivered a pared-down spring statement on Tuesday which said the UK economy is faring better than predicted.

The statement used to act as a "mini-budget," but Hammond has broken with tradition and pledged to deliver only one budget a year, in the Autumn.

Instead, Hammond unveiled the latest economic forecasts from the Office for Budget Responsibility which show how the UK economy is performing.

He also said the government was considering new taxes on single-use plastic and on the profits of tech giants like Facebook and Google.

Here's what we learned.

© Reuters / Simon Dawson

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