Number 10 Blaming Number 11, Number 11 Blaming Number 10

Treasury sources tell Newsnight’s Nick Watt that “Number 10 just wants to spend money” and that “some of the senior political advisers around the Prime Minister have anti-Tory ideas about raising taxes”. They say Hammond had to fight against May and claim she wanted to raise Capital Gains Tax and NICs for higher-rate taxpayers. Meanwhile there is pushback from Number 10 in the Times, which quotes a source saying of Team Hammond: “They just forgot the manifesto”. Trouble…

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