Philip Hammond, newly appointed Chancellor of the Exchequer, has said there will be no Emergency Budget and will conduct the Autumn Statement as usual.
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...
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