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6 matches for " philip hammond":
If the Chancellor is true to his word, Wednesday's Budget will be a pedestrian affair with few major policy changes designed to prevent the economy from slowing this year. In an article in The Sunday Times, Philip Hammond asserted that "we cannot take our foot off the pedal" in the mission to eliminate the budget deficit by the end of the next parliament.
This Budget will be remembered as the moment when the Government finally threw in the towel on plans to run sustainable public finances.
Later today, the Chancellor likely will take the first step towards abandoning plans for further fiscal tightening. In
We still think it is a question of when--not if-- MPs will be successful in taking a no -deal Brexit off the table.
With plenty of evidence emerging that consumer spending and business investment are set to suffer from a collapse in confidence, attention is turning to whether other sectors of the economy are ready to step up and support growth. But the fruits from reduced fiscal contraction and stronger net trade will be small and will take a long time to emerge.
The Chancellor probably can't believe his luck. Public borrowing has continued to fall this year at a much faster rate than anticipated by the OBR, despite the sluggish economy.
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