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Hammond signals easing of austerity as investors eye infrastructure opportunity

Lee Baker
14 July 2016
 

The new Chancellor Philip Hammond has signalled that the pace and "parameters" of deficit reduction are set to be reviewed.

He told the BBC that the economy was entering "a new phase" and it was right that the priority given to balancing the books was reviewed. He made the comments amid calls for investment as a stimulus for the economy in the wake of the referendum vote to leave the EU.

Nonetheless, private finance may be in shorter supply, it was predicted. The new PM...

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