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Damning report trashes Tory goal to wipe out the deficit

https://www.mirror.co.uk/news/politics/damning-report-trashes-tory-goal-13986925
See More From: mirror.co.uk   ( Top Stories )

Feb 12, 2019 2:45 AM 2+ mon ago

The cross-party Treasury Committee also dismissed Chancellor Philip Hammond's claims that "austerity is coming to an end"

Chancellor Philip Hammond's goal of eliminating the budget deficit and balancing the books has "no credibility" and should be abandoned, MPs have said.

After last year's Budget delivered a massive spending boost to the NHS, the cross-party Commons Treasury Committee said it was clear it was no longer Government policy to aim to run a surplus.

The committee dismissed Mr Hammond's claim the UK could look forward to a "deal dividend" if the Government reached agreement with Brussels and avoided a "disorderly" no-deal Brexit .

It also poured cold water on his assertion that the era of austerity was "coming to an end", saying his definition of what that meant was "expansive but also imprecise".

The current stated aim of Government policy is to ...

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