Amid this week’s parliamentary turmoil, as some MPs sought to block a no-deal Brexit, chancellor Sajid Javid unveiled a £14bn boost to public spending next year. That included £3.6bn for the new towns fund, an additional £2.6bn on education and an extra £2.2bn in defence spending. The decline in sterling against the US dollar – which fell to its lowest point in more than three years on 3 September – had steadied at the time of writing, as investors perceived the prospect of the UK leaving the EU without a deal as less likely.
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