About: Philip Hammond

Brexit 30-10-2018

Tax cuts or hard Brexit – Hammond’s budget warning to Tories

Philip Hammond’s pre-Brexit budget, presented on Monday (29 October), was full of small giveaways designed to be popular with voters, and also included a stern warning to his hard Brexiteer colleagues in the Conservative party: you can have tax cuts or a hard Brexit, but not both.
Brexit 29-10-2018

Hammond offers tax cuts and no deal warning in first Brexit budget

The first post-Brexit budget will hand Britons tax cuts, but the UK Chancellor, Philip Hammond, offered a veiled warning that the UK would be poorer if Theresa May’s government failed to strike a Brexit agreement with the EU.
Brexit 30-08-2018

EU ready for ambitious post-Brexit deal, says Barnier

The EU is willing to strike an "ambitious" deal with post-Brexit Britain far beyond any agreements the bloc has made with other countries in the past, the European Union's top negotiator reiterated Wednesday (29 August).
Brexit 25-05-2018

UK ‘working on two versions’ of customs pact, says Hammond

UK ministers will set out their vision of future trading relations with the EU in the coming weeks, finance minister Philip Hammond said on Thursday (24 May).
Future EU 25-05-2018

EU criticises ‘fantasy’ UK Brexit gambits, sees little Irish progress

European Union negotiators dismiss as "fantasy" some main British demands for Brexit, including on the sensitive issue of the Northern Ireland border, a senior EU official said on Thursday (24 May).
Brexit 12-01-2018

UK won’t pay to access single market post-Brexit

The British government yesterday (11 January) ruled out paying the European Union to access the single market after leaving the bloc, as Prime Minister Theresa May tried to reassure finance sector players over Brexit.
Brexit 11-01-2018

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 ministers made a direct pitch to Germany to cut Britain a good deal. Finance...
Brexit 06-11-2017

Most EU firms plan retreat from UK suppliers

Most European businesses plan to cut back orders from British suppliers because of the slow progress of Brexit talks, a survey of company managers showed today (6 November).
Brexit 10-10-2017

Britain sketches out customs powers if Brexit deal fails

Britain on Monday (9 October) outlined proposals for new laws to set tariffs and quotas including if Britain leaves the European Union with no agreement in place, as it prepares for a post-Brexit customs system.
Brexit 31-07-2017

UK insists Brexit will not trigger race-to-bottom on taxation

The United Kingdom does not intend to lower taxes far below the European average in order to remain competitive after Brexit but rather expects to keep a recognisably European economic and social model, finance minister Philip Hammond claims.
Brexit 28-07-2017

UK finance minister claims Brexit transition could last until 2022

Britain will try to keep as many aspects of its EU membership in place as possible during a transition period of up to three years after Brexit, finance minister Philip Hammond said on Friday (28 July).
Brexit 19-07-2017

End to austerity? Poll gamble exposes rift in Britain’s ruling party

An early election was meant to bind the Conservatives to Theresa May's agenda for at least five years, but instead it has badly shaken the governing party with ministers questioning its seven-year pursuit of austerity.
Brexit 18-07-2017

Brexit talks ‘get to work’ despite UK infighting

Britain and the EU vowed to get to the "heart of the matter" as they launched fresh Brexit negotiations in Brussels on Monday (17 July), even as bitter infighting gripped the British government.
Brexit 30-06-2017

May narrowly wins confidence vote

British Prime Minister Theresa May narrowly won a confidence vote in parliament on Thursday (29 June), highlighting the weakness of her Conservative Party which lost its majority in a shock general election result earlier this month.
Brexit 13-06-2017

Brussels warns ‘time is passing’ as May tries to clinch power deal

British Prime Minister Theresa May failed to strike a government deal in an initial round of talks with Northern Ireland's ultra-conservative DUP party on Tuesday (13 June), leaving the EU's Brexit negotiator wondering when divorce talks would begin.
Euro & Finance 09-02-2017

Dombrovskis: Brussels wants Brexit deal ‘for all’

The European Commission's vice-president Valdis Dombrovskis argued on Thursday (9 February) that a Brexit deal must benefit financial services sectors in both Europe and Britain.
Brexit 18-01-2017

Europeans ask May: Where is the give for all this take?

European leaders applauded Theresa May for providing clarity by finally outlining her plan for a clean break with the EU, but said she needed to be realistic about the price Britain would pay for leaving.
Brexit 16-01-2017

Britain threatens to undercut EU if Brexit plans fail

Britain warned on Sunday (15 January) it might undercut the EU economically if it cannot obtain both single market access and immigration controls, as Prime Minister Theresa May prepared her big Brexit strategy speech.
Brexit 21-12-2016

May raises possibility of Brexit transition deal

British Prime Minister Theresa May on Tuesday (20 December) said she was planning to negotiate both Brexit and Britain's future relationship with the EU by 2019 but a transition period may be required after that.
Brexit 30-11-2016

Women top EURACTIV’s ‘Power List’ of Top 50 Brexit influencers

Despite Britain’s referendum on the EU being called by a man, and both the Leave campaign and the Remain campaign being led by men, women now hold most of the cards when it comes to negotiating Brexit, a panel of experts for EURACTIV.com has concluded.
Brexit 23-11-2016

Brexit slams brakes on British growth

Brexit will cause Britain's economic growth to slow sharply and blow a hole in government finances that will require it to borrow an extra £122 billion [€143 billion] over five years, a gloomy budget update revealed today (23 November).
Brexit 28-10-2016

Could UK choose a ‘Ukrainian model’ after Brexit?

British confusion has given rise to hopes and fears that Brexit may not actually mean Brexit. Andrew Duff makes the case for an association agreement when the UK leaves.
Brexit 27-10-2016

UK economy escapes short-term Brexit hit, gets Nissan boost

Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union.
Central Asia 17-10-2016

The Brief: Does the EU actually care about Syria?

The European Union slapped sanctions on Russia for annexing Crimea. Why isn’t it doing the same to Moscow for breaking international law in Syria?