Now that he is freed from the constraints of the Commons, Phillip Hammond, now Lord Hammond, is free to criticise the leadership of his party. On the plunge in the UK's financial reputation after the Kwarteng special statement, he said: "this is the result of allowing ideology to triumph over common sense". (One could say the same about many government decisions over the last decade, including Brexit.)
Last Sunday, he also stated the truth that his former colleagues have found it difficult to face, that taxes have to rise in order to preserve the social services of a first-world country. Borrowing is no longer an option.
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