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Speed data: Austerity forever?

Theresa May has ditched George Osborne's plan for a surplus, but is still planning a savage squeeze

By Carl Emmerson   January 2017

The post-Brexit blues: 

The only dispute is how much money’s gone missing

After the Brexit vote, the pound tumbled and markets got jittery for a time, but there was no general slump. Brexit however—whatever it may turn out to mean—hasn’t happened yet. And both sets of forecasters retained on the public payroll are agreed the UK economy will, more likely than not, soon be smaller than it would have been if things had gone the other way. The Office for Budget Responsibility, the official watchdog on which Chancellor Philip Hammond relies when he’s setting tax and spending policies has revised…

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