Chancellor: UK economy ‘entering new phase’
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Chancellor Philip Hammond: UK economy ‘entering new phase’

The deficit reduction plan in 2010 was the right thing at the time, but the UK is now entering a “new phase”, which will be judged by “a different set of parameters”, new Chancellor Philip Hammond tells the Today programme.

Speaking to Mishal Husain, Mr Hammond says the deficit will still need to be cut but the question of how and when would need to be reassessed.

  • 14 Jul 2016
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