Hammond to Miss EU Meeting Again

Chancellor of the Exchequer Philip Hammond plans to miss the regular meeting of European Union finance ministers for a second consecutive month, as Britain’s fragile relationship with the rest of the bloc becomes increasingly strained.

Hammond, who met his EU counterparts for the first and only time in September, will leave Tuesday’s discussions in Brussels on the bloc’s fight against tax evasion and money laundering to his deputy, Chief Secretary to the Treasury David Gauke. That means that even if he turns up to December’s ministerial gathering, Hammond will have cut himself off from the EU’s economic and financial discussions for 12 weeks.

“This is a very delicate question,” Slovak Finance Minister Peter Kazimir, who’ll lead the discussions, told reporters as he entered the meeting. “I’m looking forward to see Philip again with us.”

Bloomberg

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.