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The Autumn Statement and the Brexit elephant

What do Hammond’s announcements tell us about the UK economy?

By George Magnus  

Chancellor Philip Hammond delivers the Autumn Statement ©PA/PA Wire/PA Images

Philip Hammond must be the first Chancellor to have delivered two Autumn Statements on the same day: his first and his last. In effect, he is swapping an Autumn Statement and a Spring Budget, for an Autumn Budget and a Spring Statement, though he pointed out the latter would normally be a response only to the latest Office for Budget Responsibility forecast. Fundamentally though, it is sensible to assess…

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