Image copyright HoC At a time of great uncertainty the new chancellor deliberately chose to display great caution.
Despite long wanting to get his hands on the nation"s purse strings, Philip Hammond wasn"t tempted into grand gestures.
There were modest giveaways for those “just about managing” in order to keep true to Theresa May"s promise of a Government for all; a reduction in the rate benefits are withdrawn for those working, a ban on letting fees and a boost to the minimum wage.
There was a shift away from his predecessor"s focus on deficit reduction within a set timeframe; instead Mr Hammond said he would deliver a surplus as soon as possible, announcing investment in housing and roads, money for research and development – the focus on boosting productivity.
But this was still a chancellor keen to limit spending in order to secure stability.
Brexit has made forecasts tough and the future unpredictable.
Philip Hammond may have more insight that most into the G..
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