Philip Hammond

Emmanuel Macron confronts the UK with a hard truth: it is burning its bridges to Europe

The French president has made clear that there will be no special treatment for the UK if it leaves the single market.<p>Building bridges is not …

Brexit

Power will always trump mutual interest in the Brexit talks

Politicians in London are looking on the bright side of the Brexit negotiations. The phase one deal in December showed agreement was possible and …

Brexit

Mayor Sadiq Khan's concerns over fresh Crossrail 2 delays revealed in letter to the chancellor

London mayor Sadiq Khan’s concerns over fresh delays to the £31bn Crossrail 2 project have been revealed in a letter sent to chancellor Philip …

Sadiq Khan

Home truths for hardline Brexiters

You would be hard-pressed to call it optimism, but the spirits of Britain’s Brexit negotiators have lifted.<p>No one is suggesting that a trade deal …

Brexit

A top strategist at JPMorgan's $1.7 trillion investment arm reveals her biggest fear for the British economy in 2018

JPMorgan Asset Management<p><b>Karen Ward, the chief market strategist for the UK and Europe at JPMorgan's $1.7 trillion asset management arm, believes that slow business investment could hurt the British economy in 2018.</b>• <b><br>Brexit uncertainty is stopping businesses from investing, which in turn, is stifling</b> …

Economy

Donald Tusk’s Brexit comments should worry the government

Donald Tusk’s comments, echoed by Jean-Claude Juncker, that Britain could still change its mind on Brexit should worry the UK government. Why? Because as long as senior figures in the EU think there is a chance Brexit won’t happen, there’s very little incentive for them to think creatively about …

Brexit

A flagship policy to help millennials buy a house is having almost no impact

• <b>The government's flagship policy to help millennials buy homes is having almost no impact.</b>• <b><br>The survey found that 86% of respondents reported no response from first-time buyers following changes to Stamp Duty introduced by Chancellor Philip Hammond in November.</b><p>LONDON — The government's flagship …

Business

Backbench toadying and frontbench floundering at Treasury questions

Giving business some clarity on Brexit? The Treasury team were horrified by the suggestion<p>It’s sometimes hard to know what to be more concerned by. That the latest figures showing inflation is still at 3% doesn’t even rate a mention. That almost none of the Treasury frontbench team shows any …

Brexit

Emmanuel Macron serves Theresa May a reminder of past glories

Call it grandiloquence but, with Angela Merkel to his east and Theresa May to his west, Emmanuel Macron’s manner of speech offers a break from all …

Brexit

Philip Hammond signals rethink on 'anti-democratic' tax demands sent to referendum donors after Brexit row

Private donations to referendums might not be taxed in future, a Treasury minister has said, after an outcry over 'anti-democratic' tax demands running into millions of pounds were sent to Brexit donors.<p>Philip Hammond, the Chancellor, is said to be “sympathetic to looking carefully” at the changing …

Brexit

Who are the current Cabinet ministers and who also attends Cabinet meetings?

<b>The Prime Minister reshuffled her cabinet ministers last week following resignations from a new number of key figures.</b><p>The changes, which will be …

Brexit

London home-sellers cut prices by most since 2009 - Rightmove

LONDON (Reuters) - The prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday.<p>London’s once red-hot housing market has slowed for the …

Real Estate

Brexit: Philip Hammond accuses 'backwards-looking' EU of 'paranoia' that other countries will leave

Philip Hammond has said European leaders are "backward-looking" and preoccupied with "paranoia" about other countries leaving the bloc after …

Brexit

Tenants will be able to take legal action against landlords whose properties are 'unfit for human habitation'

Tenants will be able to take legal action against landlords whose properties are "unfit for human habitation", under a move revealed by the Housing Secretary today.<p>The Government will support legislation put forward by a Labour MP requiring that all landlords ensure that their property "is fit for …

News

UK treasury chief accuses EU of paranoia over Brexit

BERLIN – Britain's treasury chief has accused the European Union of "paranoia" over Brexit.<p>Philip Hammond says the EU should stop threatening to punish Britain for its decision to leave the bloc and instead offer a positive vision for what a post-Brexit relationship might look like.<p>British …

Brexit

Having one’s royal cake and eating it

Meghan Markle handshake | Apple’s tax payment | No bull | Tabloid Guardian | Philip Hammond | Rude place names<p>Meghan Markle visits a community radio station and meets staff on a magazine collective, in response to their invitation. She provides both with masses of invaluable publicity and, it …

Meghan Markle

Wages will go up in 2018 and here is who will get more money

The amount of cash displayed on workers’ bank balances is set to increase this year when new wage rules come into force.<p>The National Living Wage, …

Income Tax

Pound Falls Fourth Day as Brexit Divisions Seem Far From Healing

The pound fell a fourth day as U.K. Chancellor Philip Hammond called on the European Union to signal what future trade relationship it wants amid …

Business

Germany wants the City to pay for post-Brexit single market access

The UK could be forced to pay the EU for City firms to maintain single market access to the Continent after Brexit.<p>Germany is behind the plan, …

Brexit

Defence secretary 'horrified' at military cost-cutting plans that would leave the smallest British army since Napoleonic wars

The Ministry of Defence has been asked to come up with £20bn in savings for the next decade.<p>The defence secretary Gavin Williamson is reportedly …

War

Spreadsheet Phil toasts his survival

This week’s Cabinet reshuffle proved underwhelming on the whole but for one man, it marked a great change in fortune. Philip Hammond remained in post as Chancellor – something that seemed rather unlikely during the snap election campaign when Theresa May was plotting to sack him in a revenge …

Forget M&S’s £2.50 ‘cauliflower steak’ – here’s how to make your own

Marks and Spencer has been mocked for its expensive brassica offering, and it’s not the only supermarket trying to entice would-be vegans to splash out. Don’t be sucked in<p>A fool and his money may be soon parted, but the average Veganuary participant makes him look as tight-fisted as Philip Hammond. …

Burger King

The 10 most important things in the world right now

Hello! Here's what's happening on Thursday.<p><b>1. US President Donald Trump's advisors urged him not to bring back Iran sanctions.</b> The US pulled back sanctions in the 2015 Iran nuclear deal, but will decide Friday if Iran violated the deal<b>.</b><p><b>2. A bitcoin conference stopped accepting bitcoin as payment.</b> …

Julian Assange

Jeremy Corbyn now clear bookies' favourite to be the next Prime Minister

With Theresa May on the back foot over the NHS at today's PMQs the latest odds show the Labour leader is highly fancied to be the next politician …

Referendums

New York , not EU, will win if London loses financial crown, says PM

New York and Hong Kong are more likely to benefit should London lose its status as financial capital of the world, not the EU, Prime Minister Theresa May and City bosses have said.<p>Ms May and Chancellor Philip Hammond sought to reassure heavyweight finance firms including HSBC, Barclays and Goldman …

Brexit

UK ministers make Brexit pitch to Germany over Barnier’s head

Facing a tough line from Brussels on what economic ties between Britain and the European Union will look like after Brexit, a pair of senior British …

Brexit

Macron’s ‘firmness’ put to the test with migration

<b>UK</b><p>The Times splashed on “fresh hope” that the EU may allow Britain to pay for single market access for financial services, preventing mass job losses …

Catherine Deneuve

Thursday briefing: May launches war on plastic waste

Plan for plastic-free areas of supermarkets and a tax on takeaway boxes ... Teachers face ‘epidemic of stress’ … Tenfold rise in Britons who want to be French<p>Top story: Tax on takeaways planned to solve rubbish problem<p>Good morning – and a belated happy new year. I’m Martin Farrer and it’s my turn …

Greta Gerwig

Theresa May pledges Brexit Britain will lead global fight against plastic pollution

LONDON — The U.K. will be a global leader against the “scourge” of plastic pollution, Theresa May will promise in a speech on the environment …

Brexit

Michael Gove takes on the 'throwaway culture' of plastic bottle waste

Environment secretary moved to tackle problem of plastic waste after watching David Attenborough’s Blue Planet<p>Michael Gove has criticised a “throwaway culture” in which people are happy to use plastic bottles once and promised that the government will this week commit to firm action to counteract …

Recycling