Divisions between Theresa May and Philip Hammond have been laid bare over the Prime Minister’s plans to spend billions of pounds on projects to shore up her legacy, over which the Chancellor could quit.
Chancellor Philip Hammond is prepared to resign over Theresa May’s plans to spend billions of pounds on projects to shore up her legacy, it is understood.
Chancellor Philip Hammond said he was disappointed that only Rory Stewart had signed up to a Tory leadership campaign pledge on the public finances.
Chancellor Philip Hammond has written to the Tory leadership candidates asking them to pledge to keep national debt falling every year.
Theresa May has ended her turbulent reign as Tory leader as rivals to replace her step up their campaigns.
Tory leadership contender Jeremy Hunt has stepped up his warning that the party faces being destroyed in a general election unless it can deliver Brexit.
Theresa May will formally stand down as Tory leader on Friday – although she will carry on as Prime Minister and acting party leader until a successor is in place.
Chancellor Philip Hammond has bluntly told contenders for the Tory crown they need to explain how they will avoid ending up as “Theresa May mark two” on Brexit.
Philip Hammond has said he would not win the race to become the next prime minister, admitting he is a “divisive” figure in the Tory party.
Tory tensions over Brexit continued to rip through the race to be next prime minister as front-runner Boris Johnson insisted “no one sensible” would exclusively aim for a no-deal withdrawal.