Economics

Britain’s Finance Chief Walks the Brexit Tightrope

The annual obsession over the British spending plan is fraught with more political risk this year as the economy gets hit by leaving the EU. 

Photographer: Chris J. Ratcliffe/Bloomberg
Lock
This article is for subscribers only.

Since taking charge of Britain’s finances in the wake of the vote to leave the European Union, Philip Hammond has been a marked man.

He’s been accused by Brexit diehards within the governing Conservative Party of spreading fear, even cooking the books over the economic impact. He’s been told his days are numbered for almost as long as the two-plus years he’s been the custodian of the national wallet.