Friday 12 October 2018 / 10:01 AM Economy / John McDonnell

John McDonnell responds to Hammond interview

John McDonnell MP, Labour’s Shadow Chancellor, responding to Phillip Hammond’s interview on Brexit and the Budget, said:  

“This all smacks of good old fashioned spin. It looks like Hammond is desperate to save his and the Prime Minister’s skins by dressing up a classic “put it off” fudge as a deal, which will fail to provide the long term security and certainty investors and businesses need.

“It appears that Hammond is planning a few tax conjuring tricks in the budget to kid people that austerity is over when the reality is that the vast bulk of the cuts are still rolling out. We need a Chancellor not a conjurer.”