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Politics

The economic consequences of Philip Hammond

19 November 2016

9:00 AM

19 November 2016

9:00 AM

What are now called ‘fiscal events’—the Budget and the Autumn Statement—have become the biggest dates in the Westminster calendar. The Chancellor lights up the landscape with political pyrotechnics. There are attempts to bribe prospective voters through tax and spending changes, a litany of pork-barrel projects designed to help individual MPs, and fiendishly complicated schemes no one expects.

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