The Courier & Advertiser (Fife Edition)

Chancellor Philip Hammond is preparing ‘revolution­ary’ budget

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Philip Hammond is preparing a “revolution­ary” budget to get the Government back on track after weeks of speculatio­n about his political future.

Cabinet ministers have been asked to come up with bold proposals after intentions for a “safety first” financial statement were dropped.

Mr Hammond is under pressure after angering Brexiteers in the party by refusing to prepare for the possible failure of Britain and Brussels to reach an agreement over a Brexit deal.

Concerns the Chancellor is trying to frustrate the negotiatin­g process have also been raised by the DUP, which props up the minority Tory government.

Mr Hammond is said to be looking at measures to boost housing, including urging Prime Minister Theresa May to agree to allow building on green belt as well as letting councils borrow more.

He is also considerin­g writing off student loans and dropping opposition to borrowing to boost investment.

A Government source said: “Philip has said we have to have a radical budget, something that is a big offer to the nation.”

The DUP is said to be “very concerned” about Mr Hammond’s behaviour.

A party source said: “It is evident to us that he is winding people up and causing unnecessar­y division within the Conservati­ve Party at a crucial time in the Brexit negotiatio­ns, and his behaviour is very unsettling.

“One has to wonder what his motivation is.

“He appears to be at least highly sceptical about Brexit and one could conclude from his current position and his behaviour that he is trying to frustrate the negotiatin­g process and to undermine the Prime Minister.

“The DUP will continue to keep a close watch on the situation but we think that Mrs May needs to do something to rein her Chancellor in and to make it clear to him that this kind of behaviour has to stop.

“It is not for us to dictate to the Prime Minister how she should manage her Cabinet but, as informed observers with a vested interest in making Brexit work, we are deeply concerned.”

 ?? Picture: Getty. ?? Chancellor of the Exchequer Philip Hammond.
Picture: Getty. Chancellor of the Exchequer Philip Hammond.

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