The rise of the dry Conservative
New Chancellor of the Exchequer Philip Hammond will need good judgment to keep Britain’s head above water
Since the days of Margaret Thatcher, the Conservative party has been split between the moderate, socially liberal “wets” and their more fiscally and morally austere colleagues, the “dries”. There has rarely been any doubt where Britain’s new Chancellor of the Exchequer fits in the great divide in British Toryism.
A fiscal hawk ...
