The Chancellor, Philip Hammond, today placed a package of measures intended to address the UK’s housing crisis at the heart of a giveaway Budget delivered against a backdrop of significant downgrades in the broader economic outlook.

Previous criticisms of Hammond have often centred on a supposed lack of political antennae. Today he has tried to dispel that impression by finding money for almost all the areas on which he was under pressure. The question may be whether he has sacrificed his reputation for fiscal responsibility in the process.

Download report