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The inconvenient truth about Philip Hammond’s budgetary plans

While everyone's worrying about Brexit, the real impact of tuition fees on the public finances is being misreported

By Paul Wallace  
Chancellor of the Exchequer Philip Hammond delivers his Spring Statement to the House of Commons ©PA

Chancellor of the Exchequer Philip Hammond delivers his Spring Statement to the House of Commons ©PA

Overshadowed by last week’s tumultuous Brexit votes, Philip Hammond had some good news to report in his March 13th spring statement. Provided that Britain does leave the EU in an orderly fashion there will now be a “deal dividend” of close to £27 billion. That handy stash of public money will become available in 2020-21 as the budget deficit…

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