Chancellor Philip Hammond rejects idea of Emergency Budget

Hammond (pictured) was the first appointment made last night in the new cabinet formed by Prime Minister Theresa May. He was formerly Foreign Secretary, a position now held by key Leave campaigner Boris Johnson. In an interview with the BBC, Hammond explained the focus would be working with the Bank of England to prepare for the Autumn Statement later this year.  "We will want to work closely with the governor of the Bank of England and others through the summer to prepare for the Autumn Statement when we will signal and set out the plans for the economy in what are very different cir...