Tag: Philip Hammond

• Monday, March 18th 2019 - 06:42 UTC

  Mrs. May Brexit deal will be put to a vote this week only if it has DUP and Tory MPs support

  

  Theresa May's Brexit deal will not return to the Commons this week unless it has support from the DUP and Tory MPs, the chancellor says. The PM's plan is expected to be voted on for a third time in the coming days. But Philip Hammond told the BBC's Andrew Marr that it would only be put to MPs if “enough of our colleagues and the DUP are prepared to support it”.

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• Thursday, February 21st 2019 - 15:33 UTC

  Labour and Tories face more resignations with Independent Group growing

  

  British Labour and Conservatives parties could face more resignations, with members of the new Independent Group saying they expect more MPs to join them. Ex-Tory MP Heidi Allen told ITV's Peston program “a third” of Tory MPs were fed up with the party's direction.

• Tuesday, February 19th 2019 - 09:21 UTC

  Hammond visit to China called off amid reports of Beijing anger with UK defense actions

  

  A visit to China by Chancellor Phillip Hammond has been called off amid reports a speech by the UK's defense secretary angered Beijing. There were plans for trade talks between Mr Hammond and senior Chinese government figures during the brief visit this week. But last week, Gavin Williamson had indicated the UK's intention to send an aircraft carrier to the Pacific.

• Monday, February 11th 2019 - 08:51 UTC

  Institute for Fiscal Studies says more billions needed to end Hammond's austerity

  

  Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.

• Saturday, January 26th 2019 - 08:08 UTC

  Hammond suggests a Brexit compromise with EU leaders which could influence a vote in London

  

  British finance minister Philip Hammond said on Friday he believed the EU might compromise over a Brexit deal in a way that would persuade lawmakers in London to support it.

• Thursday, November 29th 2018 - 22:08 UTC

  British PM expected in BA Thursday evening

  

  British Prime Minister Theresa May is arriving Thursday evening at the Ezeiza Airport to participate in the G20 Leaders Summit hosted by Argentina, during which she will hold a series of bilateral meetings with some of her peers, including President Mauricio Macri.

• Monday, November 26th 2018 - 06:44 UTC

  Potential losses from EU Brexit deal could reach £100bn a year worse off by 2030

  

  The government's Brexit deal would leave the UK £100bn a year worse off by 2030, analysis by the National Institute of Economic and Social Research (NIESR) has claimed. The study commissioned by the People's Vote, which wants a second referendum, said GDP would shrink by 3.9% annually.

• Saturday, November 10th 2018 - 06:05 UTC

  UK's economy best third quarter in two years: warm weather and the World Cup

  

  A spike in consumer spending driven by warm weather and England's surprise run to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed on Friday.

• Friday, November 2nd 2018 - 08:18 UTC

  Brussels and London play down speculation about a breakthrough in Brexit talks

  

  Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.

• Tuesday, October 30th 2018 - 08:40 UTC

  UK Budget time: “Austerity coming to an end” announces Chancellor Hammond

  

  Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.