"The government has eased the pace at which fiscal policy will be tightened," the Office for Budget Responsibility said in a report on the Autumn Statement.

"Relative to the path of consolidation underpinning our March forecast, it has loosened policy between 2017-18 and 2020-21, largely reflecting increases in capital spending. This has small effects on the profile of real GDP growth, adding 0.1 percentage points in 2017-18 and subtracting less than 0.1 percentage points a year thereafter."

(Reporting by David Milliken; Writing by William Schomberg, editing by Andy Bruce)