Chancellor Philip Hammond has axed the deficit targets set by his predecessor George Osborne, instead focusing on housing and transport spending to boost the economy in post-Brexit times.
In a speech at the Conservative Party Conference today, Hammond (pictured) said while markets had "calmed" since the Brexit vote, the referendum result had caused uncertainty for businesses and the government had a duty to act to protect the economy. The Chancellor said the Brexit vote may cause "turbulence" and business confidence would be on a "bit of a rollercoaster". Hammond rejects idea of emergency Budget Hammond (pictured) said: "The deficit remains unsustainable and the decision to leave the EU has introduced new fiscal uncertainty. "The British people elected us on a pr...
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