A Budget to keep Brexit off the rocks
Chancellors often enjoy a Budget for the chance it gives them to show off. They enjoy wrong-footing their opponents with a dramatic and unexpected announcement right at the end of their speech — the much-anticipated rabbit pulled from the hat. But Philip Hammond is not a political showman. He must be the only Chancellor in living memory to have played down his first Budget, telling colleagues with big ideas to come back to him this autumn. This lack of showmanship should not be mistaken for an absence of serious intent. He is unique among recent chancellors for two reasons: he has no ambition to move one door along to No. 10 Downing Street, and he can be confident of a long stint in the job.