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The consequences of ditching the surplus target

Plans to ditch the targets to abolish the deficit by 2020 have been announced by the Chancellor Philip Hammond, who says times have changed because of the Brexit negotiations.

Carl Emmerson, from the Institute of Fiscal Studies, tells the World at One what the consequences could be.

(Photo: mixture of 5, 10, 20 pound notes Credit: 麻豆社)

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1 minute