Tory chancellor warns of 'rollercoaster' ride as he admits Brexit will take its toll on UK economy
LEAVING the European Union is already hitting Britain’s economy and the country is in for a “bit of a rollercoaster” ride that could last 14 years, the new chancellor has admitted.
Philip Hammond yesterday tore up George Osborne’s legacy by ditching his predecessor’s timetable for abolishing the UK’s financial deficit.
Hammond claimed the result of the EU referendum meant “the circumstances have changed” and that the government would have to abandon plans to get the country running a surplus by the end of the current parliament.
He went further and revealed he would be happy to borrow money... read more
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