Reuters / Simon Dawson
Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street in London, March 12, 2018.
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.