Tag Archives: Hammond


Hammond leadership low tax dogma LONDON British finance minister Philip Hammond Prime Minister Theresa May

Hammond warns leadership hopefuls against low tax, deregulation dogma

05 May, 2019 9:58 am 9:58 am

LONDON (Reuters) – British finance minister Philip Hammond will on Thursday warn those hoping to replace Prime Minister Theresa May against basing their leadership pitches on tax cuts and deregulation, a source at the finance ministry said. May is due to stand down on June 7, having failed to deliver Brexit, handing over the reins … Read More


Brexit deal is best option to protect British economy: Hammond

11 November, 2018 8:41 am 8:41 am

EDINBURGH (Reuters) – Britain’s draft deal to leave the European Union is the best available solution to safeguard the economy and start to reunite a divided country, Chancellor Philip Hammond said on Saturday. Prime Minister Theresa May is due to meet EU leaders on Sunday in Brussels to sign off on the Brexit deal although … Read More


Hammond says Brexit deal would have minimum negative impact on economy

11 November, 2018 2:31 pm 2:31 pm

EDINBURGH (Reuters) – Britain’s draft deal to leave the European Union is not just the best solution to political division but also for the economy, finance minister Philip Hammond said on Saturday. “This deal is a way of Britain leaving the European Union with minimum negative impact on our economy,” Hammond told in an interview. … Read More


Hammond to increase road investment by 44 percent in budget

10 October, 2018 8:38 am 8:38 am

LONDON (Reuters) – British finance minister Philip Hammond will announce a 44 percent jump in roads and highways investment in his budget on Monday, the finance ministry said, offering a glimpse of higher public spending promised by the government. The 25.5 billion-pound fund for the 2020-2025 period will be invested in projects in England such … Read More


UK’s Hammond to warn of Brexit hit to spending hopes: NIESR

10 October, 2018 8:50 am 8:50 am

LONDON (Reuters) – British finance minister Philip Hammond is likely to warn that a no-deal Brexit would hit the public finances and prevent an end to austerity when he delivers his annual budget next week, a think-tank said. By contrast, a smooth transition from the European Union would give Hammond more room for borrowing and … Read More


UK’s Hammond says he’s no ‘enemy of Brexit’, seeks ...

06 June, 2018 10:32 am 10:32 am

LONDON (Reuters) – Britain’s Treasury is not trying to undermine Brexit but is instead focused on boosting prosperity by promoting continued close ties with the European Union after the country leaves, finance minister Philip Hammond said. Hammond is widely viewed as the most pro-EU of Prime Minister Theresa May’s senior ministers, and earlier this month … Read More