Chancellor Hammond a Safe Pair of Hands, Says Lawson
Philip Hammond, the U.K.’s newly appointed chancellor of the exchequer, said the vote to leave the European Union had “rattled confidence” and that he will take “whatever measures” needed to shore up the British economy. “The number one challenge is to stabilize the economy, send signals of confidence about the future, the plans we have for the future to the markets, to business, to international investors,” Hammond said in a Sky News interview on Thursday. Hammond’s comments came ahead of a meeting later the same day of Bank of England policy makers who will debate whether to reduce the key interest rate for the first time since 2009. Former U.K. Chancellor Nigel Lawson discusses the new government with Bloomberg's Mark Barton on "The Pulse."
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