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Hammond’s Autumn Statement: the truth will out

Brexiteers have sought to accentuate the positive—but must now accept the facts

By Paul Wallace  

British Chancellor of the Exchequer, Philip Hammond leaves 11 Downing Street to deliver his Autumn Statement to Parliament NEWZULU/Ian Davidson/NEWZULU/PA Images

Today’s Autumn Statement—a budget by any other name—mattered more than most. For one thing it was the first big fiscal set-piece of the new government headed by Theresa May. Budgets define priorities by backing policies with hard money. For another, the Autumn Statement was a moment of reckoning on the economic and fiscal costs…

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