Tag: Philip Hammond

• Wednesday, March 8th 2017 - 10:32 UTC

  UK will prioritize a Brexit safety net fund in the budget, says Chancellor Hammond

  

  United Kingdom Chancellor of the Exchequer Philip Hammond has signalled he will prioritise building up a Brexit safety net fund ahead of launching a spending spree in Wednesday’s Budget.

• Monday, March 6th 2017 - 08:19 UTC

  Chancellor warns EU that UK will “fight back” if it does not reach a Brexit deal it wants

  

  Chancellor Philip Hammond has warned the EU that Britain will “fight back” and not “slink off like a wounded animal” if it does not get the Brexit deal it wants. In some of the toughest talking yet ahead of the UK triggering the Article 50 negotiations on terms of withdrawal, the Chancellor said Britain would “do whatever we need to do” to be competitive in the event of leaving the EU without a trade agreement.

• Saturday, February 18th 2017 - 07:52 UTC

  Malcorra meets Boris Johnson; he apologizes for Darwin cemetery damages

  

  Argentine foreign minister Susana Malcorra met Friday morning with Foreign Secretary Boris Johnson in the framework of the G 20 ministerial summit which took place in the German city of Bonn. There was no official release on the meeting which apparently was brief.

• Wednesday, November 23rd 2016 - 15:02 UTC

  British government sells 721m Lloyds shares; stake down to 8%

  

  The British government has taken advantage of recent share price strength and sold 721m Lloyds Banking Group shares. The share sale reduces the government’s stake in the lender to just under 8%. In total, the taxpayer owns a cool 5.7bn shares in Lloyds.

• Friday, November 11th 2016 - 07:18 UTC

  Trump on the phone with PM May: “UK a very, very special place for me and for my country”

  

  The special relationship between the UK and the US will go from “strength to strength”, Donald Trump has told Theresa May in their first telephone call since his election. The President-elect told the Prime Minister the UK was a “very, very special place for me and for our country”. He set out his “close and personal connections with, and warmth for, the UK”, according to a Downing Street spokesman. Mrs. May stressed the importance of Britain's relationship with the US in the wake of the Brexit vote.

• Tuesday, November 1st 2016 - 02:05 UTC

  Bank of England governor will step down in June 2019, after Brexit is over

  

  Bank of England governor Mark Carney says he will step down in June 2019. It means he will serve one additional year beyond the five-year term he committed to when he took the post, but will still be two years short of the usual eight years governors serve.

• Saturday, October 29th 2016 - 10:46 UTC

  Post Brexit UK economy surprises and grows above expectations

  

  The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics (ONS) has said. The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union.

• Wednesday, October 5th 2016 - 11:01 UTC

  London confident of a Brexit deal “suitable and adequate” for Gibraltar and UK

  

  United Kingdom's International Trade Secretary Liam Fox has said he is confident a Brexit deal could be struck that “will get a suitable and adequate response to the problems we face” both for Gibraltar as well as for the UK.

• Friday, September 16th 2016 - 07:06 UTC

  Bank of England rates remain at record low, but could be further cut

  

  The Bank of England said on Thursday it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain's economy would be less severe than it expected only last month. The Bank said its nine rate-setters were unanimous in their decision to keep Bank Rate at its new record low of 0.25%, the lowest in the BoE's 322-year history.

• Thursday, August 11th 2016 - 04:52 UTC

  Falklands air links and oil talks between UK and Argentina confirmed by Malcorra

  

  Foreign minister Susana Malcorra confirmed on Wednesday that Argentina and the United Kingdom are holding talks, “moving to a more productive phase” which includes making progress towards new “air links between the Falkland Islands and third countries” plus the removal of “restrictive hydrocarbons measures”.