More from Hammond: We will need a plan to bring budget deficit down

The new UK finance minister still doing the media rounds 14 July 2016

  • borrowing when the cost of money is cheap has some great attractions but the UK is already very indebted

I reported his earlier comments here and here

His view that no emergency budget is needed post-Brexit vote just shows what a load of old cobblers the scaremongering of his predecessor was.

News just in: Pro-Brexit campaigner and failed PM candidate Michael Gove has been reoortedly fired from the govt . That's nice, he can now hold hands and share a flask of tea on the back benches with his best mate Dave.

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