No 'rabbits out of hats' expected in Philip Hammond's Autumn Statement

The video discusses the UK's economic outlook post-Brexit, highlighting changes in fiscal policy under the new Chancellor, Philip Hammond. It covers new initiatives like the national living wage and tax policies, while addressing economic constraints due to reduced tax revenues. The focus shifts to infrastructure investment, emphasizing small projects to boost productivity. The introduction of fiscal rules aims to maintain investor confidence, marking a shift from previous Tory governments.

What does the text suggest about the public's expectations from the new Chancellor?

What is the significance of introducing fiscal rules according to Mr. Hammond?