Chancellor Philip Hammond: likely to be restricted from setting aside money to smooth Britain’s exit from the EU. Photograph: Matt Dunham/AFP/Getty Images

Predictions that last year’s Brexit vote would trigger a snap recession in the UK, fuelled by a conspicuous schadenfreude, proved wide of the mark. (...)

South African president Jacob Zuma: ANC is due to vote on his successor. Photograph: Siphiwe Sibeko/File Photo/Reuters

The FBI has opened an investigation into US links to South Africa’s Gupta family, escalating a political scandal over the three brothers’ alleged use (...)

Ryanair has warned that there could be months during which there are no flights between the UK and Europe. Photograph: Hannah McKay/Reuters

The UK government has stepped up its rhetoric about the chances that Britain could crash out of the European Union without any agreement to bring ord(...)

OECD secretary-general Ángel Gurría and Britain’s chancellor   Philip Hammond: the Paris-based think tank was accused of being “a leading advocate of Brexit pessimism”. Photograph: Matt Dunham/PA Wire

Philip Hammond was taking no questions on Tuesday as he dashed away from a joint press conference with the Organisation for Economic Co-operation and (...)

European Commission president Jean-Claude Juncker embraces British prime minister Theresa May after a meeting at EU headquarters in Brussels on Monday. Photograph: Virginia Mayo/AP

British prime minister Theresa May’s attempt to unblock stalled Brexit talks by travelling to Brussels to see European Commission president Jean-Claud(...)

Mervyn King, former governor of the Bank of England. Photograph: Simon Dawson/Bloomberg

Former Bank of England chief Mervyn King has attacked the UK government’s handling of Brexit negotiations, warning it may already be too late to put i(...)

UK chancellor of the exchequer Philip Hammond: rose because of the baseless hunch  people with little outward charisma must possess great depth. Photograph: Luke MacGregor/Bloomberg

This time last year, another technocrat of crisp appearance, whose decisions could swing the British economy this way or that, was pressed to resign b(...)

'Hard Brexit has many implications – construction companies are going to do quite well concreting over the English countryside around Dover.' Photograph: Luke MacGregor/Bloomberg

Say it often enough and people believe it: 76 per cent, according to one poll, think that a Brexit “no deal” is better than a “bad deal”. Belief in fa(...)

Talking Britain up in Washington - UK chancellor Philip Hammond

Leaders of the financial world gathered in Washington this week for the annual World Bank-IMF autumn meetings with something of a spring in their step(...)

British chancellor Philip Hammond: “The enemy, the opponents, are out there on the other side of the table. Those are the people that we have to negotiate with to get the very best deal for Britain.”   File photograph: PA Wire

British chancellor Philip Hammond has said he regrets his “poor choice” of words after branding the European Union the “enemy”. Mr Hammond, who has f(...)