Pressure is on for Philip Hammond with 'make-or-break' budget

Pressure is on for Philip Hammond with 'make-or-break' budget

The Chancellor's senior allies have said he can't afford to make a mistake

Wednesday, November 22, 2017

The pressure is on Philip Hammond today as the spotlight turns towards his official unveiling of the Government Budget. 

Senior allies of the Chancellor have said he can't afford to make mistakes on this budget, and this is a "make-or-break" moment. 

When he unveiled the last budget to Parliament, a pledge to raise National Insurance contributions paid by the self-employed caused major outrage and a hastily revised U-turn a week after it was unveiled. 

Hammond's allies have said this can't happen again, for one mistake could see his career in the Treasury in ruins. 

The Chancellor has already faced intense pressure from both the Labour Party and Tory Brexiteers to invest in infrastructure and housing. 

The Budget will also be made public in Parliament amid reports of Theresa May becoming increasingly frustrated about gaffes made by the Chancellor, such as claiming there was no unemployment in Britain. 

Hammond is expected to make his speech at 12:30pm.

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