UK fiscal splurge cemented as ‘last Mohican’ is ousted
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UK fiscal splurge cemented as ‘last Mohican’ is ousted

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The ousting of Sajid Javid as the UK's chancellor of the exchequer has been interpreted in financial markets as a power grab by prime minister Boris Johnson. Javid's removal is likely to strengthen the government’s bias towards populist economics, “rewriting the Treasury’s fiscal rules”, according to one investor.

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