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As a statement of the UK’s preparedness for Brexit, Hammond’s Budget fell short

The OBR’s gloomy economic forecasts show why Britain needed something bolder

By George Magnus  

The Chancellor of the Exchequer, Philip Hammond, holding his red ministerial box outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget. Photo: Richard Gray/EMPICS Entertainment

How should we think about Chancellor Phillip Hammond’s Budget? His job is a bit like that of someone who’s doubling up as both the captain and the cabin crew of the economic aeroplane in which we are all flying. He has to fly us safely to our destination, but also to attend to all our divergent—and often incompatible—needs and interests. If he gets the balance wrong we will either be angry, or possibly not arrive…

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