Hammond scraps 2020 budget surplus target on Brexit 'rollercoaster' fears

Speaking at Conservative Party Conference

Chancellor Philip Hammond has axed the deficit targets set by his predecessor George Osborne, instead focusing on housing and transport spending to boost the economy in post-Brexit times.

In a speech at the Conservative Party Conference today, Hammond (pictured) said while markets had "calmed" since the Brexit vote, the referendum result had caused uncertainty for businesses and the government...