What can we expect from Chancellor Hammond?

There's no Brexit budget and austerity will be scaled back, but don't expect much more largesse from the Tories' 'axeman'

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A political era came to an end last night, when George Osborne was reportedly "sacked" as chancellor and replaced by Philip Hammond.

The move signals a departure from the policies Osborne pursued with David Cameron over the past 11 years at the top of the Conservative Party and six years in government.

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