Philip Hammond the chancellor and Conservative MP has handed his resignation to Theresa May in her final hours as prime minister.
He said to May that it has “been a privilege to serve as her chancellor of the exchequer for the last three years since you assumed office in July 2016.”
In his letter to May he said there is the “unresolved issue of Brexit” but, there has been a “notable progress in rebuilding the public finances.”Hammond said that Johnson now has a “genuine choice” to increase public spending cut taxes bring more investment spending and slash national debt, of he could use the combination of all four.
This is a “luxury which our successors should use wisely.”
— Philip Hammond (@PhilipHammondUK) July 24, 2019