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UK’s May keeps Hammond as finance minister

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Published: 09:45 GMT, Jun 10, 2017 |
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British Prime Minister Theresa May kept finance minister Philip Hammond in his job on Friday (June 9), a day after she was weakened by failing to win a parliamentary majority in an election.

Before the election there had been widespread speculation in the British media that May would replace Hammond if she won a large majority.

Hammond’s reappointment makes it less likely that the government will significantly relax its grip on public spending after the left-wing Labour Party secured a better-than-expected election result with a plan to invest more in public services.

Hammond, 61, was named chancellor of the exchequer by May shortly after she took over as prime minister nearly a year ago, in the wake of Britain’s decision to leave the European Union.