Chancellor Philip Hammond has delivered his 2018 Budget, ruling out any further government private finance initiative contracts.
Hammond began by telling the Commons that the era of austerity is ‘coming to an end’, but that 'discipline will remain'. Whilst echoing the words of Prime Minister May from last month, the choice of words 'coming to an end' suggests pragmatism, and likely foretelling a slowing down of austerity, rather than an immediate end.