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Similarly, the target of 300,000 new homes a year is not due to be achieved until the mid-2020s.
The age of austerity is far from over, as some Tory MPs hoped to see.
It was rightly billed as a make-or-break Budget for Hammond, with predictions that a bad one would allow Theresa May to do what she would have done if she had won a big majority in June and move him from the Treasury.
Despite such pressure, having little cash to splash and no Commons majority to force through controversial measures, Hammond made the best of a bad job and may have prolonged his own shelf life.
His Conservative detractors claim he is too cautious and lacks a sure political touch.
But if you hooked them up to a lie-detector machine, you would find that what they really dislike is Hammond’s drive for a softer, slower Brexit.
It sounded a bit odd, since he was hardly going to bring in retrospective measures to rewrite the past.