Do they know it’s Brexit time at all?

Do they know it’s Brexit time at all?
Philip Hammond has so far had the best of both Brexit worlds Picture: Getty

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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