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The UK is set to concede a major defeat to the EU in its post-Brexit vision for the City of London

"The new model is like cohabitation, with close collaboration, a shared approach to finances and decisions and obligations to each other, but ultimately separate people making their own choices."
UK Chancellor Philip Hammond speaks to Business Insider in San Francisco.

Exclusive: Philip Hammond says EU has rejected Brexiteers’ ‘max fac’ Brexit customs plan

The UK chancellor says there remains serious "challenges" to both customs models set out by prime minister Theresa May.
Copper coins

1p and 2p copper coins and £50 notes could soon be phased out in the UK

The UK government has begun consulting on phasing out small denomination 'copper' coins.
Prime Minister Theresa May.

Britain will be paying the EU until 2064

Britain will continue to give money to the EU for another 46 years, the Office for Budget Responsibility said on Tuesday.
Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street in London, March 12, 2018.

5 charts from the Spring statement show the UK economy is doing better than expected

Chancellor Philip Hammond delivered a pared-down spring statement on Tuesday and said the UK economy is faring better than predicted.
Chancellor Philip Hammond

Philip Hammond demands a ‘unique’ Brexit deal just hours after the EU reject it

The EU insists the UK can only have access to a Canada-style free trade deal, which did not include financial services.
Chancellor Philip Hammond in Downing Street

Philip Hammond says Brexit will only mean ‘very modest’ changes to the UK’s relationship with the EU

The chancellor's remarks have enraged Conservative Brexiteers such as Jacob-Rees Mogg.
Chancellor of the Exchequer Philip Hammond walks through Downing Street.

Chancellor Philip Hammond had no evidence for his statement that disabled workers hurt the UK economy, the government quietly admits

He was heavily criticised for the statement by opposition MPs, who felt that it suggested that employing workers with disabilities was unproductive.

Davis and Hammond plead with Germany to back Britain’s plan for a bespoke Brexit deal

The pair are traveling to Germany today to make the case for a post-Brexit trade deal to include financial services.