Economics

Hammond Risks Ire of Brexit Campaigners With ‘Negative Tone’

  • Chancellor has warned of ‘sharp challenges’ on leaving EU
  • Economist Minford says people ‘dissatisfied’ with Hammond

Chancellor of the Exchequer Hammond to Deliver Statement

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Chancellor of the Exchequer Philip Hammond’s reputation for caution helped propel him up the greasy pole of British politics. Now it risks backfiring.

As he prepares to outline his fiscal plans on Wednesday for the first time since taking office in July, Hammond is under attack from those who campaigned most ardently for Britain to leave the European Union.