Philip hammond

You won’t be surprised to learn that Philip Hammond was no big fan of Brexit. But Mr S was still somewhat taken aback by just how little the former chancellor made of Theresa May’s ‘Brexit means Brexit’ strategy: ‘My assessment of Theresa May’s Prime Ministership, in terms of Brexit, is that she dug a 20-foot-deep hole in October 2016 in making that speech’ Hammond was, of course, referring to the speech May made to Tory party conference in her first year as prime minister. But Hammond’s interview, released this week by UK in a changing Europe, has opened up something of a riddle. The Eeyore-ish ex-Chancellor said he had not seen May’s

A little over a year ago, at the nadir of the May administration’s excruciating bungling of Brexit, the Daily Telegraph landed a dynamite exclusive. The Chancellor, Philip Hammond, and Business Secretary Greg Clark had hosted a confidential conference call for corporate bosses in which they said the threat of a no-deal Brexit was effectively off the table. And the Telegraph had obtained a tape recording of the whole thing. Behind the backs of the British people, the well-upholstered felines of big business were being told that a huge Commons defeat for May’s withdrawal agreement (it had just lost by 230 votes) did not mean that Brexit would go ahead on

Until a year or two ago, if you’d asked me to describe the archetypal Conservative, I’d have sketched out someone who looked a lot like Philip Hammond. Hammond is a self-made man who made a small fortune in several areas of business. He represents a seat in Surrey. He drives a Jag. Politically, he’s small-c conservative: sceptical of radical change and of government intervention, a committed fiscal hawk who instinctively resists the sort of spending spree his party is currently engaged in. Socially, he is no liberal: though he accepted it in the end, he was a Cabinet sceptic of the push for gay marriage, fearing the change would upset

What more-or-less all Tory MPs seem to have missed is that Philip Hammond, the ex-chancellor who has become the anti-no-deal Sandinista, agrees with Boris Johnson and Dominic Cummings on the big thing that matters. Hammond loudly – and Johnson, with his consigliere Cummings sotto voce – all accept that EU leaders and negotiators do not see ANY way of negotiating a new Brexit deal on the basis of what Britain’s new Prime Minister says he wants. As one Brussels official confirmed to me, even if EU leaders – and especially Ireland’s Taoiseach Leo Varadkar – were prepared to do as Johnson asks and rip up the backstop, which they most

Philip Hammond’s former top advisor has confirmed what many in Westminster have known for some time. Writing in the Guardian, ex-special advisor Poppy Trowbridge came out all guns blazing, calling Boris Johnson ‘reckless’ and accusing him of ‘mistaken posturing and trash talk’. In the article, entitled ‘Boris Johnson talks tough but still hasn’t said what he’s doing to get a Brexit deal’, she laments the failures of May’s withdrawal agreement and writes in support of spreadsheet Phil’s bid to stave off no deal. But the Chancellor’s former SpAd also admitted the extent of Hammond-era resistance to Brexit. Responding to comments made by current PM, she writes: ‘At one point during my

Astonishing scenes at Mansion House tonight. Not the climate change protestors who interrupted Philip Hammond’s speech (though goodness knows how they got through the extraordinary security) but the Chancellor saying he will fight and fight again to prevent Boris Johnson going for a no-deal Brexit (though he did not name Johnson). He said:- “I cannot imagine a Conservative and Unionist-led Government, actively pursuing a no-deal Brexit; willing to risk the Union and our economic prosperity, and a General Election that could put Jeremy Corbyn in Downing Street, to boot. And I will not concede the very ground we stand on. I will fight, and fight again, to remake the case for

Philip Hammond is up to one last trick before bowing out – and it’s a good one. The Chancellor has called on each of the Tory leadership candidates to commit to ensuring Britain’s debt falls as a share of national income every year. Hammond reportedly asked in a letter to leadership candidates: ‘If we do not commit to getting our debt down after a nine-year run of uninterrupted economic growth, how can we demonstrate a dividing line between the fiscal responsibility of our party and the reckless promises of John McDonnell and Jeremy Corbyn?’ Playing Labour-lite – promising just a little less spending than socialists Jeremy Corbyn and John McDonnell

Dominic Raab –  I’m ‘willing to walk away’ The starting gun for the Conservative leadership race has been fired and there are currently eight declared hopefuls jockeying for position. Dominic Raab, the former Brexit Secretary, who resigned in protest last year over the government’s draft withdrawal agreement, sat down with Andrew Marr to outline his bid for the top job. Unsurprisingly, the issue of where the government now takes the Brexit negotiations featured highly on the agenda: Conservative Party leadership contender Dominic Raab tells #Marr he wants a #Brexit deal, with changes to the Northern Irish backstop, but otherwise he is “willing to walk away” with no dealhttps://t.co/nM4yerl2mP pic.twitter.com/W965YzPjXm —

How much did Philip Hammond’s giveaway Budget help dying town centres? Not enough, say campaigners, but let’s give the Chancellor some credit. A one-third relief in business rates for retail properties with a rateable value of less than £51,000 means an annual saving of up to £8,000 for a huge number of small businesses; pubs where people still drink beer and spirits in old-fashioned style benefit from a duty freeze that one industry body says will ‘secure upwards of 3,000 jobs’; and there’s money to help convert disused premises into homes. On the other hand, there was a £3 billion sting for the growing army of freelance ‘consultants’ and techies

Monday’s Budget comes at a delicate point in the Brexit negotiations. I say in The Sun this morning, that a bolder government and Chancellor would turn this timing to their advantage. They would use this Budget to give a preview of what the UK would do in the event of no deal. No deal planning shouldn’t just be about logistics, but about how the UK would respond economically to this challenge. Philip Hammond could announce that if it is ‘no deal’ the UK would slash to zero tariffs on manufactured goods from all around the world, bring in complete tax relief on all business investment for the next three years

The Conservatives used to be known as the party of business. Theresa May still seems to be trying to keep up the pretence, saying in her conference speech that the Conservatives are ‘a party that believes in business’. But the proof is in the pudding, and this pudding is turning sour. Fast. The Budget rumour mill is in overdrive that Chancellor Philip Hammond will use the Budget to extend the government’s disastrous changes to self-employed IR35 tax law from the public sector to the private sector. However Theresa May’s speechwriters may spin this, it would be the final nail in the coffin of the Conservatives’ small business credentials. Let me

What is the point of Philip Hammond? Most chancellors have an agenda, but it’s hard to discern any purpose or direction from the current one. Gordon Brown’s project was to oversee the largest expansion of government spending in peacetime history — which he achieved, albeit with ruinous results. George Osborne spoke about trying to wind this programme back. The results were decidedly mixed, but at least he had an idea about what he sought to achieve. Mr Hammond, by contrast, has spent his time in the brace position preparing for Brexit. When he delivers his Budget on Monday, he might have to admit that the country does not seem to

Before every Budget, George Osborne would tell his aides to prepare for it as if it were their last. His thinking was that chancellors only have so many opportunities to tilt the country in the direction they want it to go. Osborne’s Budget record was far from perfect, but that mindset did at least mean that he achieved some lasting change. Philip Hammond is approaching this month’s Budget differently. Unlike Osborne or Gordon Brown, he is not a political strategist, and it shows. The Treasury is treating this month’s Budget like a holding exercise. To be fair to Hammond, one of the reasons the Treasury is taking such a cautious