Hammond: 'To succeed in the future, we must remain connected to the world'

Annual Mansion House speech

Chancellor Philip Hammond used last night's Mansion House speech to state his intention to launch a Global Financial Partnerships Strategy to build an "enhanced framework for cross-border financial services".

The Mansion House speech is an annual speech given by the Chancellor on the state of the British economy. Hammond said that as Britain leaves the EU, new relationships with "our European neighbours that protects patterns of trade" and "those business relationships that have been painstakingly built over decades" must be forged that will maintain low friction borders and open markets. He added: "That does not make the Treasury, on my watch, 'the enemy of Brexit'. Rather, it makes it the champion of prosperity for the British people outside the EU, but working and trading closely with i...