Mission accomplished?

On the eve of the Spring Statement, Philip Hammond finds himself in a much happier position than last time he faced the Commons. The UK is finally running a current budget surplus, productivity growth has been strong over the past six months and real wages are forecast to grow through this parliament. So should the Chancellor heed calls from Nick Timothy and others to declare an end to the age of austerity? ‘Mission Accomplished?’, an analysis of the state of the British economy by Robert Colvile and Daniel Mahoney of the Centre for Policy Studies, argues that there is in fact no room for complacency.

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