British finance minister Philip Hammond was expected to 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.
Britain’s Finance Minister Philip Hammond said on Tuesday that time was running out to secure a Brexit deal and confirmed that the Bank of England’s Governor Mark Carney had agreed to stay to help the country through “a turbulent period” for its economy.
British Chancellor of the Exchequer Philip Hammond has spent many idle moments thinking about who should succeed Bank of England governor Mark Carney. How, the chancellor asks himself, can he repeat the stunning, rabbit-out-of-a-hat moment when No 11’s previous incumbent, George Osborne, said in 2013 that the Canadian central banker who was heading the global post-crash clean-up operation was coming to help Britain’s recovery?
Britain will leave the European Union by the ‘back door’ leaving the single market and customs union in March 2019, Chancellor of the Exchequer Philip Hammond and the Secretary of State for International Trade Liam Fox have jointly declared.
UK finance minister Philip Hammond has warned that high debt has tied the government’s hands, in a time when the country needs a “watertight” economy to cope with years of “uncertainty” that lie ahead.
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi and UK Chancellor of the Exchequer Philip Hammond exchanged views on banking restrictions facing Iran and a new dawn for the country's economy following the lifting of nuclear-related after the landmark agreement between Tehran and the six world powers.
Britain's public finances showed a smaller-than-expected budget surplus in the first month after the vote to leave the European Union, potentially limiting the ability of new Chancellor Philip Hammond to give the economy a big boost later this year.
Iranian Foreign Minister Mohammad Javad Zarif held meetings with a number of his counterparts, including US Secretary of State John Kerry, British Foreign Secretary Philip Hammond, Oman’s Foreign Minister Yusuf bin Alawi, on the sidelines of a meeting of the International Syria Support Group (ISSG) in Vienna.