U.K.'s Hammond to Abolish Autumn Statement

Bloomberg Video

Nov.23 -- U.K. Chancellor of the Exchequer Philip Hammond presented his Autumn Statement speech to Parliament, cutting forecast growth to 1.4 percent for the U.K. economy in 2017. Hammond also stated that he will abolish the Autumn Statement going forward, making it an Autumn Budget starting in 2017. Bloomberg's Anna Edwards reports on "Bloomberg Daybreak: Americas."