No longer the party of business, the Conservative Party looks set to no longer be the party of sound finance.
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Theresa May’s pledge to end austerity, renew the NHS, freeze fuel duties and increase council house building has left the UK Treasury facing a hole in the public finances of up to £35bn-a-year by the end of the current Parliament.
Further fuel duty freezes in the years ahead could raise that cost to £40bn a year, leaving chancellor Philip Hammond with a big borrowing problem to solve in the Budget on October 29.
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https://www.ft.com/content/d4a5a452-...f-ee390057b8c9