Speaking to BBC News, Mr Hammond said he could not serve in a no-deal Brexit cabinet. Ahead of a speech on Thursday, where he will warn Tory leadership hopefuls against “reckless” solutions offered by “populists,” Mr Hammond also did not rule out voting against a Conservative government in an attempt to block no deal. He said: “Leaving with no deal will be a very bad outcome for the economy. I’m not sure that people necessarily have understood what a risk we would be taking – not only with our economy but also with the future of our precious United Kingdom – if we left with no deal.”
Source: Brexit news: Philip Hammond threatens to withhold money unless no deal taken off table | UK | News | Express.co.uk
Philip Hammond is seriously considering a major increase to the minimum wage as he seeks to secure a legacy of ending low pay, it has emerged.
Several sources familiar with the chancellor’s thinking told the Observer they believed he was pushing to look at the “ambitious end” of what would be possible without damaging Britain’s employment levels, suggesting he is contemplating going further than any developed nation.
A proposal under discussion would see the minimum wage pushed up to 66% of median earnings, meeting the Organisation for Economic Co-operation and Development’s definition of low pay. It would allow the chancellor to say he had set a course to end low pay in Britain. The chancellor held a meeting with Frances O’Grady, general secretary of the Trades Union Congress (TUC), last week, and he is understood to be meeting other union leaders at a round table this week. One government source said: “The chancellor is very concerned about poverty and sees this as one avenue of tackling it.”
Source: Philip Hammond plans world’s highest minimum wage | Society | The Guardian
It is believed Mr Hammond will outline the plan in the October 29 budget.
A senior Treasury source told The Daily Telegraph that the Government is proposing to hit pensioners by either slashing the annual tax-free allowance or lowering the rates of relief.
Many pensioners currently receive tax relief which is based on the rate of income tax they pay.
For example, those paying income tax at 40 percent can claim 20 percent relief, whilst those paying 45 percent are eligible for relief of 25 percent.
Source: Pension allowance hit by Philip Hammond’s Treasury in Budget to fund NHS | UK | News | Express.co.uk
Chancellor Philip Hammond faced a backlash from Tory MPs last night over plans to raise fuel and alcohol duties in the Budget to pay for an increase in NHS spending.
The Treasury is believed to be considering tax hikes to avoid increasing government borrowing, but irate backbenchers warned that if consumers are hammered they could vote down the Budget.
The Chancellor has told departments there is no more money in the pot after the announcement of a £20billion-a-year boost for the NHS to coincide with its 70th anniversary.
The pledge was made before ministers had finished working out how to pay for it, and last night backbench Tory MPs described increasing fuel and alcohol duties as ‘absolute madness’.
Source: Backlash over fuel and drink tax hikes to pay for NHS boost | Daily Mail Online
Disability rights campaigner Shani Dhanda has called for Chancellor Philip Hammond to be sacked over “shameful” comments blaming disabled people for the UK’s poor productivity. Hammond was speaking during Wednesday’s treasury select committee, when he was asked about the sluggish economic growth he had reported in the Autumn Budget. “It is almost certainly the case that by increasing participation in the workforce, including far higher levels of participation by marginal groups and very high levels of engagement in the workforce, for example of disabled people – something we should be extremely proud of – may have had an impact on overall productivity measurements,” said Mr Hammond.
Read more at: https://inews.co.uk/essentials/news/business/disabled-people-furious-hammond-blames-sluggish-economy/?cm_mmc=B2C--inews-newsletter-v2--SEC1-_-CP000001478&cm_mmca1=inews&cm_mmca2=EMA&cm_mmca3=W1&cm_mmca4=Newsemail@example.com&cm_mmca5=20171207
Source: Disabled people furious after Hammond blames them for sluggish economy : i News
Philip Hammond backtracks after calling EU the enemy, but Brussels is clear Britain must make a better offer before talks can move on
Source: Brexit war of words heats up as ‘enemy’ EU tells Britain to pay up | Politics | The Guardian
Grab your popcorn. This showdown between Philip Hammond and John McDonnell is everything. from The Canary on 8th September 2017
Source: Grab your popcorn. This showdown between Philip Hammond and John McDonnell is everything. | The Canary