New UK finance minister known for ‘safe hands’
Chancellor of the Exchequer Philip Hammond needs to steer Britain’s economy through the aftermath of the Brexit vote. |||
London – Philip Hammond took over as Britain’s new finance minister on Wednesday, putting him in charge of the world’s fifth-largest economy as it risks sliding into recession after voters decided to leave the European Union last month.
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Hammond, 60, was foreign secretary until he was appointed by Britain’s new Prime Minister Theresa May to replace George Osborne who served as Chancellor of the Exchequer for more than six years.
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Source: Independent Online
