British Chancellor Philip Hammond has warned that whoever succeeds Theresa May as the country's prime minister must limit their promises within the bounds of accepted fiscal responsibility and called on the top candidates to "be honest" as their spending pledges "greatly exceed" the capacity of the economy.
While both Boris Johnson and Jeremy Hunt vow to leave the EU on 31 October, Hammond has warned that a no-deal economy would require support. He made clear that the fiscal headroom of £26.6 b...

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