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Philip Hammond: the reset chancellor?

The real difference between him and his predecessor is in their circumstances

By Paul Wallace  

Philip Hammond, Chancellor of the Exchequer, gives his speech at the Conservative Party's 2016 Conference ©Isabel Infantes/EMPICS Entertainment

If Theresa May’s task yesterday at the Conservative Party Conference was to cast aside at least one veil from the elusive meaning of Brexit, Philip Hammond’s today was to disambiguate the “reset” in fiscal policy he prefigured soon after replacing George Osborne as chancellor in July. The full meaning of “reset” will not emerge until…

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