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Ardagh appoints Philip Hammond to its board

Ardagh appoints Hammond to its board

Glass bottle and metal container firm Ardagh has appointed former British Chancellor Philip Hammond to its board as a non-executive director and as a member of the company's audit committee.

Business • 12 Nov 19

Philip Hammond had the whip removed by Boris Johnson after voting to block a no-deal Brexit

Former chancellor Hammond quits UK parliament

Former British chancellor Philip Hammond has announced he will be standing down as an MP.

Business • 06 Nov 19

Philip Hammond said the leaked document was dated August 2019 - after Mr Johnson took office

Hammond demands apology from Johnson over Brexit leaks

Former British chancellor Philip Hammond has demanded an official apology from Prime Minister Boris Johnson after Number 10 sought to blame disgruntled ministers for the leak of no-deal documents.

Brexit • 26 Aug 19

Philip Hammond is a staunch opponent of a no-deal Brexit

Hammond quits as UK chancellor as Johnson becomes PM

British finance minister Philip Hammond has resigned from the country's government, following through on a promise to leave rather than serve under incoming prime minister Boris Johnson.

Business • 24 Jul 19

Philip Hammond said he would resign before he is sacked

Hammond to quit over no-deal Brexit if Johnson is PM

Britain's finance minister Philip Hammond has said he would resign if Boris Johnson became Britain's new prime minister because he could not support a leader happy to take the country out of the European Union without a deal.

Brexit • 21 Jul 19

Today saw the launch of the long-awaited London-Shanghai Stock Connect project

London-Shanghai share listing project goes live

Companies listed in Britain will be able to sell shares in China today with the launch of a long-awaited London-Shanghai Stock Connect project.

Business • 17 Jun 19

Bank of England Governor Mark Carney is due to step down on January 31, 2020

Britain starts search for next Bank of England governor

Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England today.

Business • 24 Apr 19

Northern Rock had to be rescued by UK taxpayers after its failure during the financial crisis

UK taxpayer-owned loans worth £4.9 billion sold

A £4.9 billion portfolio of loans bought by the UK taxpayer during the financial crisis has been sold in a "milestone" move, the British Chancellor has said.

Business • 02 Apr 19

Philip Hammond denied reports that he wanted Mrs May's de facto deputy David Lidington to be installed as a caretaker prime minister

Ousting May will not help resolve Brexit - Hammond

Britain must find a way to leave the European Union in an orderly fashion rather than trying to oust Prime Minister Theresa May, British finance minister Philip Hammond has said.

Brexit • 24 Mar 19

The Prime Minister has warned of what Westminster insiders have dubbed a "Hotel California" Brexit

UK govt warns it might not hold pivotal Brexit vote

British Prime Minister Theresa May could duck a third Commons showdown on her Withdrawal Agreement, resulting in a long delay to Brexit unless Tory rebels fall in line.

Brexit • 17 Mar 19

Philip Hammond has insisted that the UK economy remains 'remarkably robust'

Hammond talks up UK economy despite Brexit 'cloud'

Brexit is casting a "cloud of uncertainty" over the British economy, Chancellor Philip Hammond admitted, after MPs rejected Theresa May's deal and the Budget watchdog slashed growth forecasts.

Business • 13 Mar 19

Philip Hammond said he was disappointed that the Chinese had reacted in the way they had to Gavin Williamson's comments

China open to British visit following warship comments

China would welcome a visit by Britain's finance minister Philip Hammond, the Chinese foreign ministry has said, a day after the minister said talk of deploying a British warship in the Pacific had complicated bilateral relations.

Business • 22 Feb 19

Sterling dips after a UK government source poured cold water on the prospect of an imminent Brexit deal

Sterling dips on doubts about revised Brexit deal

Sterling fell slightly today after a UK government source poured cold water on the prospect of an imminent Brexit deal, causing the pound to shed earlier gains.

Business • 21 Feb 19

UK finance minister Philip Hammond said the 'UK is leading the world in the fight against illicit finance'

Britain launches task force to tackle dirty money

Britain will work with the financial industry to crack down on fraud, corruption and dirty money by launching a task force that will include senior banking figures, the finance ministry said today.

Business • 14 Jan 19

One of the scenarios in the stress tests assumes a 2.4% contraction of the world economy, a rise in UK unemployment to 9.5%, and a one-third drop in British house prices

Results of UK bank stress tests in the spotlight

The Bank of England unveils the results of the annual stress tests of banks' balance sheets later today after the central bank pulled forward the publication date by one week.

Business • 28 Nov 18

Arlene Foster says there is no evidence that the current Brexit deal will be passed by parliament

DUP to 'revisit' support for govt if Brexit deal passed

DUP leader Arlene Foster has warned that the deal propping up British Prime Minister Theresa May's government would be at risk if the current Brexit deal is passed.

Brexit • 24 Nov 18

Theresa May said her government was working to get a good Brexit deal

No-deal Brexit would not be end of world - May

British Prime Minister Theresa May has dismissed fears of a no-deal Brexit apocalypse as she played down Chancellor Philip Hammond's warnings of major economic consequences.

Brexit • 28 Aug 18

Philip Hammond defended the British government's preferred Brexit approach

Hammond accused of launching 'dodgy project fear'

Britain's Chancellor of the Exchequer has faced claims of launching a "dodgy project fear" as inter-party tensions over Brexit erupted after he warned a no-deal Brexit could cause major economic damage.

Brexit • 24 Aug 18

Simon Coveney's trip came ahead of a crunch meeting of the British cabinet on Friday

Tánaiste discusses Brexit with senior UK politicians

Tánaiste Simon Coveney has discussed the lack of progress in the Brexit negotiations with British Chancellor Philip Hammond and Northern Ireland Secretary of State Karen Bradley in London.

Brexit • 04 Jul 18

Philip Hammond is widely viewed as the most pro-EU of Prime Minister Theresa May's senior ministers

Hammond says he's no 'enemy of Brexit'

The UK Treasury is not trying to undermine Brexit but is instead focused on boosting prosperity by promoting continued close ties with the European Union after the country leaves, finance minister Philip Hammond said.

Business • 22 Jun 18

Philip Hammond said the UK's Office for Budget Responsibility now expects state borrowing to be £45.2 billion this year

Hammond buoyed by positive forecasts on growth

The UK government's official forecaster has upgraded projections for growth and predicted falling inflation, debt and borrowing, in a boost for finance minister Philip Hammond.

Business • 13 Mar 18

The 'big beasts' of Theresa May's cabinet are unable to agree

May's cabinet meeting providing grist for rumour mill

There's certainly no shortage of discussion material for Theresa May's Brexit cabinet as it meets in Downing Street.

UK • 29 Jan 18

Philip Hammond said the government would be 'guided by what delivers the greatest economic advantage' to the UK

Hammond refuses to rule out customs union with EU

British Chancellor Philip Hammond has refused to rule out the UK being part of a customs union with the European Union after Brexit.

Brexit • 05 Jan 18

Bank of England Governor Mark Carney must explain to Chancellor Philip Hammond the reason behind inflation's rapid rise

UK inflation surges to near six year high of 3.1%

UK inflation unexpectedly jumped to a near six-year high, forcing the Bank of England to explain to the finance minister why the cost of living has surged.

Business • 12 Dec 17

Michel Barnier said UK will honour its commitments

UK will honour financial obligations to EU - Barnier

Britain will honour all its financial obligations to the European Union as part of its divorce bill, but the payments will not be required any earlier than if Britain had remained an EU member, the EU's chief negotiator Michel Barnier said.

Brexit • 08 Dec 17