Tag: Philip Hammond

• Tuesday, January 30th 2018 - 10:16 UTC

  PM May leadership questioned by Tories divided over Europe

  

  Prime minister Theresa May has been warned the UK risks disaster unless she “sees off hard Brexiteers” in her own party amid continuing Tory divisions over Europe. Ex-minister Anna Soubry said the PM must not let what she said were 35 MPs dictate the terms of the UK's EU exit.

• Monday, January 29th 2018 - 10:41 UTC

  Euro-skeptic Tories fear real danger of a “dilution of Brexit”; point to Hammond

  

  The UK is heading towards “a dilution of Brexit”, former cabinet minister Theresa Villiers has said. The Conservative MP, writing in the Sunday Telegraph said there was “a real danger” the UK will sign up to an agreement with Brussels which could “keep us in the EU in all but name”. Her comments come amid growing Tory party rifts over Brexit.

• Saturday, January 27th 2018 - 09:31 UTC

  Bank of England said UK was already suffering a “Brexit effect”

  

  A “deeper relationship” with Europe will benefit the UK economy, the governor of the Bank of England has argued. Mark Carney's comments follow claims by chancellor Philip Hammond that the UK and EU economies will only move “very modestly” apart after Brexit.

• Thursday, January 11th 2018 - 09:34 UTC

  UK charm offensive in Germany to lobby for London's post Brexit financial services

  

  The German government on Wednesday sought to pour cold water over Britain's hopes of a bespoke post-Brexit arrangement for financial services. German Chancellor Angela Merkel's spokesman told reporters that Berlin's focus would remain on preserving a unified stance among the 27 EU nations as Brexit negotiations prepare to enter a critical phase. Britain's financial services industry is expected to be one the main battlegrounds in the next stage of talks.

• Thursday, December 28th 2017 - 09:59 UTC

  Parliament demands release of studies on potential impact of Brexit on the economy

  

  The United Kingdom government is facing new calls to release confidential studies drawn up by officials looking at the potential impact of Brexit on the economy. Twenty-five Labour MPs have written to Chancellor Philip Hammond calling on him to release the material after he disclosed the work was being carried out during a recent session of the Commons Treasury Committee.

• Thursday, November 23rd 2017 - 08:58 UTC

  Hammond's budget anticipates worsening economic forecast caused by Brexit

  

  Britain's Chancellor of the Exchequer has outlined cautious spending plans to a nation bracing for the shock of leaving the European Union, amid a stream of worsening of economic forecasts that hampered room for giveaways.

• Thursday, October 26th 2017 - 05:56 UTC

  Hammond “confident” despite admitting an “urgent and pressing” Brexit transition period

  

  Philip Hammond has said he is “confident” businesses will be given the Brexit certainty they need although he sidestepped calls to ensure transition principles are guaranteed by Christmas. The UK Chancellor acknowledged the principles of a transition period are “urgent and pressing”, also telling MPs the Government wants them agreed with the European Union “as soon as possible”.

• Wednesday, October 18th 2017 - 07:21 UTC

  OECD suggests “reversing the Brexit process” would boost the UK economy

  

  Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to the UK staying within the EU would have a “significant” positive impact on growth, the OECD said.

• Thursday, October 12th 2017 - 11:50 UTC

  PM May: UK will spend whatever necessary to prepare for Brexit, including a no-deal scenario

  

  The British government will spend whatever is necessary to make sure the UK is ready for Brexit, Downing Street has said. A No 10 spokesman said £250m of new money had been allocated this year to prepare for leaving the EU, “including the possibility of a no-deal scenario.”

• Wednesday, October 4th 2017 - 13:20 UTC

  Chancellor Hammond acknowledges private sector needs more clarity on Brexit

  

  Businesses need more clarity on Brexit, the Chancellor, Philip Hammond, has acknowledged. Speaking at the BBC's Today program he said the sooner the government gave businesses more certainty about the process, the sooner the economy would pick up.