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Leading article

Hammond’s humiliation

18 March 2017

9:00 AM

18 March 2017

9:00 AM

After Philip Hammond delivered his Budget last week, he went to speak to a meeting of Conservative backbench MPs. Several were deeply alarmed about his tearing up of their manifesto pledge not to raise National Insurance. One asked him how sure he was about all this. Would they find themselves going out to defend this tax rise to their constituents, only to find him abandoning the policy later? No, the Chancellor replied, he would not change his mind.

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