Hammond vows to protect UK economy during Brexit, sterling falls
BIRMINGHAM, England British finance minister Philip Hammond vowed on Monday to protect the economy from any turbulence during negotiations to leave the EU, as sterling fell on worries the country is heading towards a disruptive divorce with its biggest trading partner.
Immigration curbs don't preclude single market access - Hammond
BIRMINGHAM, England Controlling immigration does not necessarily mean Britain will lose access to the European Union's single market following its exit from the bloc, Chancellor Philip Hammond said on Monday.
Many EU nations want strong, continued trade ties with UK - Hammond
BIRMINGHAM, England Chancellor Philip Hammond said on Monday there were differences among European Union member countries about the stance to take over Britain's future trading relationship with the bloc.
Hammond says will treat investment spending differently
BIRMINGHAM, England Chancellor Philip Hammond said on Monday he wanted to treat investment spending differently from day-to-day spending, underscoring his different approach to the public finances to that of his predecessor George Osborne.
UK government should consider targeted infrastructure investment - Hammond
BIRMINGHAM, England The British government must keep a lid on day-to-day spending but there is a case for targeted, high-value infrastructure investment following June's vote to leave the European Union, Chancellor Philip Hammond said on Monday.
Hammond buries idea of extra cuts to corporation tax
BIRMINGHAM, England Chancellor Philip Hammond said the government would stick to its plans to lower Britain's corporation tax rate to 17 percent by 2020, burying a suggestion by his predecessor George Osborne that it might fall below 15 percent to offset the Brexit vote impact.
