Philip Hammond

Major defeat for British PM as lawmakers seize Brexit agenda

The 328 to 301 vote, made possible by fellow Conservatives who turned their back on Johnson's pleas, cleared the way for Johnson's opponents to introduce a bill that seeks to prevent Britain from leaving the European Union without a deal October 31.

Thousands protest against suspension of UK parliament

Anti-Brexit protesters gathered outside Britain's parliament chanting slogans condemning Prime Minister Boris Johnson after his request to suspend parliament was approved by the Queen.

British chancellor warns of huge financial toll of Brexit

Philip Hammond says he might vote against PM Theresa May’s successor if they decide to force a hard Brexit through parliament.

UK parliament likely to consider new Brexit referendum - Hammond

The idea of a second referendum would once again be put to parliament at some point, Finance Minister Phillip Hammond says despite the government's opposition to any new public vote.

Britain's May to meet ministers amid reported moves to oust her

British lawmakers will seek to use a vote on the government's next steps on Brexit on Monday to wrest control of the process and try to find a majority for an alternative way forward that would break the parliamentary deadlock.

UK watchdog puts Brexit war chest at $35.2B

Government body tasked with reviewing budgets says the money will be needed to battle potential damage of Britain's exit from European Union.

The economic cost of Brexit could outweigh the benefit

Economic predictions from economists and bankers signal that the exit from the EU would be to the UK's detriment.

Brexiteers fume at UK finance minister Hammond's 'no deal' warning

In a letter, Hammond refers to forecasts made by his department highlighting that under a no-deal scenario, borrowing would be about $102.02 billion (80 billion pounds a year) higher in 15 years' time.

British PM May to give series of speeches on Brexit vision

British Prime Minister Theresa May is planning to give a major speech to clarify what Britain wants from the EU after and during Brexit.

UK's Theresa May meets Chinese Premier Li Keqiang

British Prime Minister Theresa May landed in China and discussed Brexit with Premier Li Keqiang as a leaked cabinet report showed Brexit could damage Britain's growth.

UK to have driverless cars by 2021

The British government plans to invest $99 million to Artificial intelligent and put driverless cars on UK roads by 2021.

Few compromises at Brexit talks as EU calls for British "clarity"

The negotiations are dealing with issues around Britain's divorce – Britain's exit bill, the rights of EU citizens living in Britain, and the Northern Ireland border.