Richard Buxton, head of UK equities and CEO at Old Mutual Global Investors, has said the new Chancellor Philip Hammond (pictured) should look at more extreme fiscal stimulus to boost the economy and avoid a 'DIY recession'.
The new UK Prime Minister Theresa May announced her new cabinet, appointing former foreign secretary Philip Hammond as Chancellor following the resignation of George Osborne after six years. Despite fighting alongside May (pictured) for the 'remain' side during the referendum campaign, Hammond previously said he could vote for Britain to leave the EU and was open to the idea of a Brexit. He has previously worked as Secretary of State for Defence, and was appointed Secretary of State for Transport following the formation of the coalition government in May 2010. Richard Buxton, head ...
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