Philip Hammond, who until earlier on Wednesday was Britain’s Foreign Secretary, has succeeded George Osborne as Chancellor in the government being formed by new Prime Minister Theresa May to take Britain out of the European Union.
Osborne – Chancellor since 2010 and a close ally of David Cameron who formally stepped down as prime minister earlier in the day – will leave the government.
Hammond, 60, served as transport secretary when the Conservatives took power in coalition with the centrist Liberal Democrats in 2010, moving to take charge of defence in 2011.
His tenure as Foreign Secretary since 2014 has been dominated by …read more
Source: Cyprus Mail
