It would seem from recent years that there are two kinds of chancellors: Those that don’t know, and those that don’t know that they don’t know. The latter would include George Osborne and Gordon Brown, we can but hope for more awareness from Philip Hammond about the uncertainties he has to face. The budget is, of course, primarily a piece of political theatre. We can set aside the fanciful projections of the Treasury and the Office for Budget Responsilibity. They can’t know the future well enough to…

Source: The Times March 08, 2017 02:48 UTC