Do they know it’s Brexit time at all?
Philip Hammond’s spring budget reflected the economic positives since the Brexit vote, but how many of them are actually real?
It must be harder for a chancellor of the exchequer, or indeed any finance minister, to formulate a budget when things are going well. Positive economic results create a burden of expectation. If the economy is in the horrors, it’s easier to say no to demands for increased spending on a cabinet colleague’s pet project. Last Wednesday, Britain’s chancellor, Philip Hammond, was working with better-than-expected economic growth when he presented his budget.
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