Autumn statement more Fifty Shades of Grey than Pride and Prejudice
by Larry Elliott Economics editor from on (#22QV8)
A dysfunctional economy meant the chancellor, Philip Hammond, largely dispensed with political theatre
Philip Hammond's first and last autumn statement was a sombre affair. The chancellor largely dispensed with political theatre to tell it straight. Britain's economy is dysfunctional. Austerity has failed. Welfare cuts are going to bite. Brexit will be a 60bn drag on growth and the public finances. That's the way it is.
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