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Spring statement: Hammond’s promise of a “deal dividend” is nothing short of absurd

It was a hollow promise from the chancellor in place of a proper strategy

By Jonathan Portes  

Photo: Joe Newman/Xinhua News Agency/PA Images

Beyond the statistics, the impact of austerity has become increasingly visible to all of us, from the growth in homelessness and the use of food banks to broader pressures on schools, the NHS, social care and police. No one any longer seriously disputes that the quality of public services has been considerably degraded over the past years. Today in his spring statement the chancellor—just as parliament has done with Brexit—chose to kick the can. While largely sensible, the minor measures he did announce…

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