Hammond: Deficit is too big but we will invest
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Chancellor Philip Hammond on UK deficit and investment

Chancellor Philip Hammond has indicated he will manage the public finances in a different way to his predecessor, George Osborne.

Mr Hammond told the Today programme's Nick Robinson the UK's deficit was still "eye-wateringly large" and he had to keep down day-to-day spending but there would be "specific targeted investment".

  • 03 Oct 2016
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