Britain’s Finance Minister invested the excuses of Brexit on the table
Britain’s Finance Minister Philip Hammond said Wednesday that a lower budget and higher inflation is expected after the Brexit, while promising tax incentives and more public investment. According to commentators, Hammond’s moderate attitude does not coincide with Prime Minister May’s Brexit policy.
The Financial Times praises Finance Minister Philip Hammond with both correct tone and correct words. Hammond supported Prime Minister Theresa May’s slogan ‘The economy that works for everyone’. Nevertheless, the massive pressure from the prime minister to distribute high-cost gifts to barely-living incomes seems to have been resisted.
“It is encouraging that Hammond’s first speech does not have the ideology, fancy words and enthusiasm for headlines. Hammond is the person who is needed by the country just by appealing to the mind, not the emotions. “