Hammond’s Treasury Cold-Shouldered as May Pursues Brexit Agenda
- Chancellor being sidelined in his push for free trade ties
- BOE sees many negotiating objectives floated to be unrealistic
Why a Smooth Brexit Plan is Key for U.K. Trade Relations
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The U.K. Treasury is feeling under siege.
Once an unrivaled center of power within government, the department is now being sidelined in its push to maintain some access to the single market once the U.K. has left the European Union. This has resulted in Chancellor of the Exchequer Philip Hammond clashing with colleagues including Brexit Secretary David Davis, who favors a more radical break from the EU, and his exclusion from some meetings, according to Treasury officials who asked not to be named.