Wednesday 17 October 2018 / 9:11 AM Economy / John McDonnell

John McDonnell responds to reports that Philip Hammond is under pressure ahead of the Budget

John McDonnell, Labour’s Shadow Chancellor, responding to reports that Philip Hammond is under pressure ahead of the Budget after Theresa May’s claims to be ending austerity have been exposed as a Tory con, said:

“There’s clearly panic in the Treasury and Philip Hammond is having to look at the spreadsheets all over again and start tearing them up, but they’ve only got a limited number of days to do that.

“They’re looking to see whether they can find something to stack up on their own backbenches so all of a sudden this Budget, in a way they never wanted, is becoming more significant than they thought.”