New British chancellor aims to stabilise economy

Brexit vote has 'rattled confidence', says Hammond

14th July, 2016
Philip Hammond sets out priorities on first day as Chancellor Pic: Getty

Britain's newly-appointed chancellor Philip Hammond has said the vote to leave the European Union “rattled confidence” and that he would take “whatever measures” were needed to shore up the British economy.

“The number one challenge is to stabilise 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 this morning....

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