Philip Hammond has been trying to persuade conservatives that tax increases and spending cuts are needed to reduce the deficit. Last year, labour market economist John Philpott found that more than one in five workers, around 7.1 million people, were in precarious employment, up from 5.3 million in 2006. Alpesh Paleja, chief economist at CBI, said: "although sales have grown in the past few months, the basic trading conditions for retailers remain difficult. We expect that the pressures on households to actually pay will continue for a while, so retailers still face challenges. " Edwards and bell's point of view No one is a fool, and money doesn't make a profit. Yu 'ebao's interest rate cut is also to avoid risk.