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Portrait of the week

Portrait of the week: Hammond ‘ends austerity’, Angela Merkel resigns and Leicester City’s owner killed in helicopter crash

3 November 2018

9:00 AM

3 November 2018

9:00 AM

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Austerity was ‘finally coming to an end’, Philip Hammond, the Chancellor of the Exchequer, said in the Budget. He was helped by what he did not call a magic money sapling, in the form of revised estimates of public borrowing in 2018, £11.6 billion lower than forecast. Debt as a share of GDP, from a peak of 85.2

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