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Sajid Javid: the electoral chancellor

The latest occupant of No 11 will have to loosen the fiscal rules to borrow more

By Paul Wallace  

The chancellor at Conservative conference. Photo: Isabel Infantes/EMPICS Entertainment

Sajid Javid’s speech to the Conservative Party conference this afternoon was more notable for what he did not say than what he did say, other than the crowd-pleasing plan to push up the national living wage. The chancellor’s upbeat message reflected the theme of an electioneering conference: let’s get Brexit done and spend lots more. Nowhere was there a recognition that spending more by borrowing more will mean breaking the government’s fiscal rules, even if a disastrous no-deal departure from…

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