John McDonnell, the shadow chancellor, has accused Philip Hammond of failing to cancel a “tax giveaway” by his predecessor to Britain’s biggest banks, worth more than £1bn this year.
Philip Hammond has told MPs that it will be necessary to have a post-Brexit “transitional deal” because it will not be possible to complete divorce negotiations within the timetable set out by article 50.
The chancellor, Philip Hammond, has ruled out any prospect of Scotland winning special concessions on trade or immigration in the Brexit deal, despite its strong vote in June to remain in the EU.
Britain could end up paying the European Union to retain access to the single market, David Davis and Philip Hammond have said, in a concerted attempt to signal that the government is willing to take a flexible approach to the looming Brexit negotiations.
Boris Johnson will issue a warning that democracy is in retreat across the world and that a “cult of the strongman” is taking hold, raising the prospect that the concept of a global liberal order will fade into irrelevance.
Theresa May’s adviser on the future of work says the boom in the gig economy could have a significant impact on government finances, with self-employed workers and contractors paying more than £2,000 less a year on average in tax than employees doing equivalent jobs.