Philip Hammond
British politician
Philip Hammond
For the medical commentator and comedian, see Phil Hammond. Philip Hammond File:Philip Hammond, Secretary of State for Defence.
Philip Hammond's personal information overview.
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UK Chancellor wants trade partnerships with the world
CNN - about 1 month
Philip Hammond tells Richard Quest that the UK will remain a competitive place to do business despite Brexit.
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CNN article
U.K.'s Hammond: Economic Model Could Change
Wall Street Journal - about 1 month
The U.K. could change its economic model if it isn’t granted access to trade in the European Union after it leaves the bloc, U.K. Treasury Chief Philip Hammond indicated in an interview with a German newspaper.
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Wall Street Journal article
Brexit will be 'tough' and 'complicated': UK finance minister
Yahoo News - about 2 months
British Finance Minister Philip Hammond has warned that Brexit negotiations would be difficult, but said he hoped to maintain strong economic ties with the European Union. Britain will have two years to negotiate a deal with the EU once it triggers Article 50 of the bloc's Lisbon Treaty, formally beginning the withdrawal process. "Hundreds of thousands of jobs on the continent of Europe depend on exports to Britain and hundreds of thousands of jobs in Britain depend on our services being delivered into the European Union, particularly financial services from the city of London," he told the broadcaster.
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Yahoo News article
Hammond meeting Gulf leaders this week - finance ministry
Yahoo News - about 2 months
Chancellor of the Exchequer Philip Hammond will meet with political leaders and finance officials from the Gulf states this week as part of the country's drive to promote trade ahead of its exit from the European Union. The government said in a statement that Hammond would meet Kuwait's acting prime minister, finance minister and central bank governor on Wednesday before travelling to Abu Dhabi to meet sovereign wealth funds and the Abu Dhabi National Oil Company. "There is huge potential to expand our economic and investment relationships with our Gulf allies in the future," Hammond said in a statement on Wednesday.
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Yahoo News article
Britain sets 2017 Spring budget date for March 8
Yahoo News - 2 months
LONDON (Reuters) - British finance minister Philip Hammond said on Tuesday the government will publish its next Spring Budget on Wednesday 8 March 2017. The Spring Budget sets out the government’s plans for the economy based on the latest forecasts from the independent Office for Budget Responsibility. This will be the last Budget to take place in the Spring before they are moved to the Autumn. (Reporting by Stephen Addison; editing by Elizabeth Piper)
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Yahoo News article
Any transitional deal with EU should not diminish Brexit vote: minister
Yahoo News - 2 months
By Kylie MacLellan LONDON (Reuters) - Britain may need a transitional agreement to smooth its exit from the European Union but it should not "buy back" into too many of the bloc's regulations, Britain's trade minister Liam Fox said on Sunday. Fox, who campaigned for a Brexit vote in June's referendum, also indicated he was seeking a flexible approach on trade to try to ensure the best deals for the British economy. Businesses and investors have raised concerns that Britain faces a "cliff-edge" at the end of Brexit negotiations and finance minister Philip Hammond has backed the idea of a transition period.
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Yahoo News article
Britain seeks deeper ties with S.Africa post-Brexit: Hammond
Yahoo News - 3 months
Finance minister Philip Hammond on Wednesday said Britain was working on strengthening ties with non-EU partners before exiting the European Union. After a string of "constructive" talks with top political and business leaders, the chancellor of the exchequer, who is currently in South Africa, pledged millions in aid for developmental programmes. "As Britain leaves the EU, we will be deepening our work with our international partners to build ever stronger economic links around the world," he said in a statement issued by the British embassy in Pretoria.
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Yahoo News article
UK ministers say listening closely to City of London's Brexit concerns - 3 months
LONDON, Dec 5 (Reuters) - Britain's government is listening closely to the financial services sector's Brexit concerns, finance minister Philip Hammond and the minister in charge of the process for...
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Ireland PM says Brexit deal impossible in two years so must be transition: Sky
Yahoo News - 3 months
Britain and the European Union will find it impossible to strike a full Brexit deal within the two-year period set for negotiations so a transition deal is inevitable, Irish Prime Minister Enda Kenny said on Friday, Sky reported. British Prime Minister Theresa May has said she will trigger the formal EU divorce talks by the end of March, ushering in a two-year period of negotiations before Britain leaves the club it joined in 1973. May has pledged to address concerns that Britain could fall off a "cliff edge" into uncertain trading conditions when it leaves the bloc while her finance minister, Philip Hammond, has said Britain needs a smooth transition out of the EU.
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Yahoo News article
Chancellor Hammond chooses his battle - fixing weak productivity
Yahoo News - 3 months
By William Schomberg LONDON (Reuters) - In 2011, early in his time as Chancellor, George Osborne said he would revive British manufacturing as he promised "a march of the makers" to rebalance the economy. This week, Osborne's successor Philip Hammond staked out his own priority: turning around Britain's long-standing productivity problem to meet the challenges of leaving the European Union. Hammond used his first budget statement to address what he called the "shocking" gap between productivity growth in Britain and almost all other large rich countries, something which threatens to gnaw away at the economy and workers' wages.
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Yahoo News article
With Philip Hammond’s Plan, U.K. Shelves Austerity
NYTimes - 3 months
In his first Autumn Statement, the chancellor of the Exchequer laid out plans for helping those who are “just about managing.”
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NYTimes article
Britain's FTSE hit by commodity reversal
Yahoo News - 3 months
Britain's top share index fell on Wednesday, hit by a reversal in mining and energy stocks as Wall Street snapped its recent runs of record highs and a rally in commodities ended. The session was choppy, with individual sectors swinging as finance minister Philip Hammond outlined his policies in what was the biggest economic update since Britain voted in June to leave the European Union.
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Learn about memorable moments in the evolution of Philip Hammond
  • 2016
    Age 60
    On 13 July 2016, Hammond was appointed as Chancellor of the Exchequer by new Prime Minister Theresa May.
    More Details Hide Details According to the Sunday Times newspaper, Hammond supports continued full access to the EU's single market for the UK's financial industry.
    In July 2016, after Theresa May succeeded Cameron as Prime Minister, Hammond was appointed Chancellor of the Exchequer.
    More Details Hide Details Hammond was born at Epping, Essex, the son of a civil engineer. He was educated at Brookfield Junior School, and Shenfield School (now Shenfield High School) in Brentwood, Essex. He studied Philosophy, Politics and Economics at University College, Oxford, and graduated with a first-class honours Bachelor of Arts (BA) degree.
    Hammond described the United Nations findings regarding the detention of Julian Assange in the Ecuadorian embassy in London on 6 February 2016 as "ridiculous".
    More Details Hide Details Mads Andenæs commented, "When countries respond in this way, they damage the respect for the rule of law and the United Nations." In October 2015, Justice Secretary Michael Gove cancelled a £5.9 million contract to provide services for prisons in the Saudi Arabia, saying "the British government should not be assisting a regime that uses beheadings, stoning, crucifixions and lashings as forms of punishment." Foreign Secretary Hammond accused Gove of "naivety".
  • 2015
    Age 59
    On 8 July 2015, Hammond condemned the defeat by Russia at the UN Security Council of his four-page draft resolution S/2015/508, which would have applied the genocide label to the Srebrenica massacre of Muslim Bosniaks in 1995.
    More Details Hide Details Angola, China, Nigeria and Venezuela abstained, while the draft had been proposed by Jordan, Lithuania, Malaysia, New Zealand, the UK and the US. The Russian ambassador, Vitaly Churkin, criticised the British wording as "confrontational and politically-motivated", arguing that it unfairly singled out Bosnian Serbs for committing war crimes in a conflict in which all three ethnic groups were the victims of atrocities. Hammond stated that: "We are disappointed that our Resolution to commemorate the 20th anniversary of Srebrenica was vetoed today." On 14 July 2015, after several years of on-again-off-again negotiations, the P5+1 reached agreement with Iran over the Nuclear program of Iran. Hammond was present in Vienna as the UK representative for the Joint Comprehensive Plan of Action disclosure ceremony. Hammond presented the deal in Commons the next day, and was in Jerusalem for a joint press conference with Benjamin Netanyahu, which was described as "tense".
    In March 2015, speaking as the minister responsible for the intelligence agencies, he suggested that terror "apologists" must share blame in terrorist acts, saying "But a huge burden of responsibility also lies with those who act as apologists for them."
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    In March 2015, Hammond stated that Britain would support the Saudi Arabian-led intervention in Yemen "in every practical way short of engaging in combat."
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  • 2014
    Age 58
    In August 2014, Hammond said he was surprised at the sudden resignation of Sayeeda Warsi, Baroness Warsi, who wrote of "great unease" under his leadership of the Foreign office.
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    On 15 July 2014, Hammond was appointed Foreign and Commonwealth Secretary.
    More Details Hide Details Newspapers highlighted his "Eurosceptic" credentials, and his confidence that Britain could "get a deal" on reforming the European Union. He said that he would vote in a putative referendum for a British exit from the European Union unless there were changes in the relationship, but following David Cameron's renegotiation, he supported the Remain campaign.
  • 2013
    Age 57
    Hammond has been openly critical of the then Prime Minister's approach to the Marriage (Same Sex Couples) Act 2013 and said in November 2013 that he was "shocked" at the speed with which it was pushed through and that it was "damaging" to the Conservative Party.
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    In May 2013, Hammond abstained as one of four Cabinet Ministers not to vote in favour of gay marriage.
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  • 2012
    Age 56
    In May 2012, Hammond said same-sex marriage is "too controversial".
    More Details Hide Details In January 2013 during a visit to Royal Holloway, University of London, he bracketed the tabled legislation, which was passed afterwards, alongside socially unacceptable relationships, at the upper scale of which he stated was the criminal offence of incest. Asked by PinkNews to clarify his remarks, Hammond wrote by email: "The discussion ranged very widely and was not limited to same sex relationships".
    In May 2012, Hammond said that banks were not solely responsible for the 2008 financial crisis as "they had to lend to someone".
    More Details Hide Details Hammond said that people who took out loans were "consenting adults" who, in some cases, were now seeking to blame others for their actions.
    In August 2012, Hammond announced that senior positions within the "top-heavy" military would be cut by a quarter. Around 26 civilian and military head office posts would go and a new senior structure would come in from April 2013.
    More Details Hide Details The move was expected to save the Ministry of Defence around £3.8 million a year. Hammond said one in four posts from the ranks of commodore, brigadier, air commodore and above would go. Four weeks before the London Olympic Games of 2012 the security company G4S announced it could not provide the number of security staff it had originally undertaken to deploy for the Games. Hammond solved the problem by calling-up 5,000 members of the Armed Forces making good the shortfall. Their performance attracted widespread praise.
    In February 2012, Hammond said that the Falkland Islands do not face a "current credible military threat" from Argentina.
    More Details Hide Details He added that Britain had "no desire or intention to increase the heat" surrounding their sovereignty. Speaking in the House of Commons he said "despite media speculation to the contrary, there has been no recent change to force levels", adding "there is no evidence of any current credible military threat to the security of the Falkland Islands and therefore no current plan for significant changes to force deployments."
    The £38 billion "black hole" in MoD finances has been "dealt with" and the Department's "hand to mouth existence will come to an end", Hammond stated in February 2012.
    More Details Hide Details Ministers had even found £2.1 billion to be allocated to several major spending projects to be announced in the coming weeks. The money was to come from a combination of cuts over the previous two years, bargaining with industry suppliers and a one per cent increase in the equipment budget.
  • 2011
    Age 55
    In December 2011, he announced that women were to be allowed to serve on Royal Navy submarines. The first women officers began serving on Vanguard class submarines in late 2013.
    More Details Hide Details They were due to be followed by female ratings in 2015, when women should also begin serving on the new Astute class submarine. It was also confirmed that the cost of the Libyan operations was £212 million – less than was estimated – including £67 million for replacing spent munitions, is all expected to be met from HM Treasury's reserve. In January 2012 the Ministry of Defence announced 4,200 job cuts in a second round of armed forces redundancies. The Army will see up to 2,900 job cuts, including 400 Gurkhas, while the RAF will lose up to 1,000 members and the Royal Navy up to 300. The job losses will account for some of the cuts announced under the Defence Review – intended to help plug the £38 billion hole in the defence budget left by the previous government. Hammond said the Government had "no choice but to reduce the size of the Armed Forces – while reconfiguring them to ensure they remain agile, adaptable and effective".
    Hammond became Secretary of State for Defence on 14 October 2011 when Liam Fox resigned.
    More Details Hide Details As Secretary of State for Defence, Hammond became a member of the National Security Council.
    Upon the resignation of Liam Fox over a scandal in October 2011, Hammond was promoted to replace him as Secretary of State for Defence, before being further promoted in July 2014 to become Secretary of State for Foreign and Commonwealth Affairs.
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    On 28 September 2011, he announced that the Government was to initiate a consultation on plans to raise the speed limit on motorways from 70 mph to 80 mph, with a view to introducing the new limit in 2013.
    More Details Hide Details However, following criticism, including that modelling predicted a 20+% increase in motorway deaths and would alienate women voters, the plans were dropped by his successor.
  • 2010
    Age 54
    Hammond was appointed Secretary of State for Transport following the formation of the Coalition Government on 12 May 2010, a position he held until 14 October 2011.
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  • 2005
    Age 49
    Following the election of David Cameron as Conservative leader later in 2005, Hammond became the Shadow Secretary of State for Work and Pensions.
    More Details Hide Details He was moved back to the role of Shadow Chief Secretary to the Treasury in David Cameron's reshuffle following Gordon Brown's accession to the premiership.
    Howard promoted Hammond to the Shadow Cabinet following the 2005 general election as Shadow Chief Secretary to the Treasury.
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  • 2001
    Age 45
    He was moved to become spokesman for Trade and Industry by Iain Duncan Smith in 2001, and later transferred to Shadow Minister for Local Government and Regions by Michael Howard in 2002.
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  • 1997
    Age 41
    In Parliament he served on the Environment, Transport and the Regions Select Committee from 1997 until he was promoted by William Hague as front bench spokesman for Health.
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    He made his maiden speech on 17 June 1997.
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    He was elected to the House of Commons at the 1997 general election for the newly created Surrey seat of Runnymede and Weybridge.
    More Details Hide Details He won the seat with a majority of 9,875 and has remained its MP since.
  • 1995
    Age 39
    He undertook various consulting assignments in Latin America for the World Bank in Washington, D.C., and was a consultant to the Government of Malawi from 1995 until his election to Parliament.
    More Details Hide Details Hammond was the Chairman of the Lewisham East Conservative Association for seven years from 1989 and contested the 1994 Newham North East by-election following the death of sitting Labour MP Ron Leighton, losing to Labour's Stephen Timms by 11,818 votes.
  • 1993
    Age 37
    From 1993 to 1995, he was a partner in CMA Consultants and, from 1994, a director in Castlemead Homes.
    More Details Hide Details He had many business interests including house building and property, manufacturing, healthcare, and oil and gas.
  • 1991
    Age 35
    Hammond married Susan Carolyn Williams-Walker on 29 June 1991.
    More Details Hide Details They have two daughters and a son and live in Send, Surrey, with another home in London. In 2009, Hammond's wealth was estimated as £9 million.
  • 1983
    Age 27
    He left in 1983 and, from 1984, served as a director in Castlemead Ltd.
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  • 1977
    Age 21
    Hammond joined the medical equipment manufacturers Speywood Laboratories Ltd in 1977, becoming a director of Speywood Medical Limited in 1981.
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  • 1955
    Born on December 4, 1955.
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