28 Oct 2018

Chancellor says budget only applies if Brexit deal happens

Economics Correspondent

The Chancellor Philip Hammond has said the announcements in tomorrow’s budget will only apply if there’s a Brexit deal.

Failure to secure agreement with the EU would demand a “different response”, he said, but he promised there are reserves available if that happens.

There’s to be more money for social care and £30bn investment for roads. But that cash won’t be there for another two years – a case of “traffic jam tomorrow” perhaps.