UK borrowing to fall, opening way for end of austerity – Hammond
British finance minister Philip Hammond announced a fall in the country’s expected borrowing needs between now and the mid-2020s as he began his final budget speech before...
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Philip Hammond
Brexiteers fume at Hammond’s ‘no deal’ warning
British Finance Minister Philip Hammond came under renewed criticism from pro-Brexit lawmakers on Friday for warning that leaving the European Union without an exit deal would hit...
Hammond warns of “catastrophe” for Ireland if no EU deal
British Finance Minister Philip Hammond told a German newspaper that it would be a “catastrophe” for the situation in Ireland if Britain and the European...
UK slashes growth forecasts, sees higher borrowing: Hammond
Britain slashed its growth forecasts for its Brexit-bound economy and expects to borrow a lot more going into the next decade, finance minister Philip Hammond...
UK public finances worsen in September, adding to Hammond’s budget headache
Britain’s public finances showed a much bigger-than-expected deficit in September, a setback for Chancellor Philip Hammond as he prepares to deliver the country’s first budget...
Britain’s Hammond promises new economic plan to handle Brexit turbulence
Britain needs a new fiscal plan to navigate economic turbulence caused by Britain’s vote to leave the European Union, finance minister Philip Hammond said on...
May calls on her ministers to deliver Brexit
British Prime Minister Theresa May told her top ministers on Wednesday they must deliver Brexit, and not entertain any idea of staying in the EU...
Britain to plug £4.5 bln EU funding gap for farms, colleges
Britain will fill a gap of as much as 4.5 billion pounds in funding for agriculture, universities and its regions that will open up when...
Brexit rewrites UK budget rules as borrowing set for first big rise since 2010
Britain could borrow nearly 65 billion pounds ($85 billion) more than planned in the next couple of years as new finance minister Philip Hammond seeks...
May builds new-look Brexit cabinet to steer EU divorce
New Prime Minister Theresa May ruthlessly overhauled the British cabinet on Thursday, sacking a raft of ministers, promoting loyalists and putting supporters of Britain’s exit...
New UK prime minister May names Philip Hammond as Chancellor
Philip Hammond, who until earlier on Wednesday was Britain’s Foreign Secretary, has succeeded George Osborne as Chancellor in the government being formed by new Prime...
Cyprus nearing ‘breakthrough’ – Hammond (updated)
British Foreign Minister Philip Hammond said on Thursday he was optimistic Cyprus was nearing a “breakthrough” in resolving its four-decade-old partition and that his country was ready...
‘The stars are beginning to align’ for Cyprus, says Hammond (update 2)
By Elias Hazou MOMENTUM towards ending Cyprus’ decades-long partition is building, and now is the right time for Greek and Turkish Cypriots to do a...
Allies discuss new sanctions on Russia over Ukraine
By Lesley Wroughton THE United States and its allies are discussing imposing more sanctions against Russia for undermining a European-brokered truce in eastern Ukraine, US...