The Financial Times reports that UK PM May wants to announce "a series of big spending announcements".

  • before leaving office.

Hammond is in disagreement - says the FT:

  • would cut across Mr Hammond's determination not to spend the fiscal "war chest" he has built up until a no-deal Brexit is taken off the table."There have been several high level meetings on this," said one person close to the negotiations. "Philip has made it clear that the headroom is there as a cushion against a no-deal exit."

Here's the link for more, FT may be gated.

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Just cut rates, Phil. Whoops, sry, wrong Phil.