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Brexit Briefing: UK Chancellor Hammond Says Talks Must Be Accelerated

04 October 2017
Brexit Briefing: UK Chancellor Hammond Says Talks Must Be Accelerated

United Kingdom businesses are right to demand more clarity on Brexit, Chancellor Philip Hammond acknowledged on Monday (2 October). And the wealth that a strong market economy creates which, in the end, pays for our public services.

"The Chancellor has given a passionate defence of free markets and the importance of business and government working to tackle inequality".

"Leadership is about ensuring that you have a team of people who aren't yes men, but a team of people of different voices around the table so that we can discuss matters, come to an agreement and then put that government view forward and that is exactly what we've done".

"While no-one suggests a market economy is flawless, it is the best system yet designed for making people steadily better off over time and underpinning strong and sustainable public services for everyone".

The shadow housing minister, John Healey, has started to flesh out the details of Labour's proposed rent controls, announced by Jeremy Corbyn last week.

"It's an argument between nostalgic idealism on Corbyn's part and pragmatism on our part", Hammond told ITV's "Good Morning Britain" program. "What he's offering them is an illusion, a pretense".

"Defending competition, markets, and entrepreneurship also requires competence and coherence at the heart of government...ministers must deliver", said Marshall. Her office has made itself more receptive to the concerns of business leaders since June's disastrous election, in which she lost her parliamentary majority.

Several groups, including the Confederation of British Industry (CBI), Institute of Directors (IoD) and the BRC criticised the speech for lacking substance.

Ruth Davidson last night said freezing university tuition fees is "not enough" to win back voters as she said the Tories must offer young people a slice of the "UK dream".

"We saw Labour in the raw, exposed for what it has sadly become: a party taken hostage by a clique of hard-left extremist infiltrators, people who despise Britain's values and talk down our country", Hammond told Conservative Party activists.

Mr. Hammond has previously called for a transition "of between three and four years", claiming the delay is needed to protect businesses. "The party that makes a clear commitment to the next generation-that they will be better off than us, and that their children will be better off again than them".

Hammond will also confirm a 300 million-pound ($400 million) investment to connect cities to the planned HS2 high-speed rail route, reducing travel times between centers such as Liverpool, Manchester, Sheffield, Leeds, York and Leicester.