Tag Archives: Philip Hammond


UK finance minister Hammond to resign on Wednesday over no-deal Brexit

07 July, 2019 3:49 pm 3:49 pm

LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Sunday he would resign on Wednesday before his expected sacking by the favorite to become Britain’s next prime minister, Boris Johnson, takes office. “I am sure I am not going to be sacked because I am going to resign before we get to that point,” … Read More

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

Hammond says no-deal Brexit would harm its people

01 January, 2019 8:48 am 8:48 am

LONDON (Reuters) – Britain’s Chancellor of the Exchequer Philip Hammond said it would be against British people’s interests to leave the European Union without an exit deal, but declined to say how the government would respond if parliament refused to back its Brexit plans. With less than three months before Britain is due to leave … Read More

UK austerity ending, as long as Brexit deal gets done: Hammond

10 October, 2018 8:39 am 8:39 am

LONDON (Reuters) – Chancellor of the Exchequer Philip Hammond held out the prospect of an end to Britain’s long spending squeeze provided the government secures a Brexit deal with the EU, putting pressure on the divided Conservative Party to back Prime Minister Theresa May. Delivering an annual budget speech that sought to change the tone … Read More

UK to give small retailers 900 million pound tax cut: finance ministry

10 October, 2018 8:19 am 8:19 am

LONDON (Reuters) – British Chancellor of the Exchequer Philip Hammond is likely to give a 900 million pound ($1.15 billion) tax cut to small high-street retailers in his annual budget on Monday to help them compete against online competition, the government said . High-street shops have long complained that Britain’s tax system unfairly favours online … Read More

Hammond seeks to repair damaged ties to business community

10 October, 2018 8:42 am 8:42 am

BIRMINGHAM (Reuters) – British finance minister Philip Hammond will look to reassure businesses that they remain at the heart of the centre-right Conservatives’ plan for the economy, against a backdrop of heightened tension over Brexit. Britain’s exit from the European Union next March has increased uncertainty for employers, with talks about the future relationship between … Read More