James Forsyth James Forsyth

The economic consequences of Philip Hammond

If the Chancellor is downbeat, it risks giving the impression that Brexit Britain’s prospects are nothing to smile about

What are now called ‘fiscal events’—the Budget and the Autumn Statement—have become the biggest dates in the Westminster calendar. The Chancellor lights up the landscape with political pyrotechnics. There are attempts to bribe prospective voters through tax and spending changes, a litany of pork-barrel projects designed to help individual MPs, and fiendishly complicated schemes no one expects.

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