The irony of course is that this is the government that has just led the world by committing to a zero-carbon economy.

Philip Hammond

Categorized in : Environment

This is not in our control and the European Union is signaling that only if we have a deal is it likely to be willing to grant a short technical extension to get the legislation through, if we don't have a deal, and if we're still discussing among ourselves what is the right way to go forward, then it's quite possible that the EU may insist on a significantly longer period.

Our partners in the EU need to be at their pragmatic best in helping to avoid the mutual calamity of no deal; and you – and we – need to carry on explaining the implications of a no deal exit, no matter who cries 'Project Fear'.

It will be carefully designed to ensure it is established tech giants, rather than our tech start-ups, that shoulder the burden.

The president hasn't yet had a chance to discuss with the prime minister the white paper, which was after all only published yesterday, and I know she's looking forward to the opportunity to discuss with the president how we can take forward the big opportunities for increasing trade and investment between the UK and the United States that she mentioned last night during the dinner at Blenheim, i saw that the president was nodding furiously last night as she was speaking last night and I'm sure there will be a very positive discussion between them today.

We need to make progress. by Philip Hammond

We need to make progress.

I very much hope that we can avoid a full scale trade war (because) that would be a disaster for everyone, not least for the United States, but what I can say is this: whatever happens the UK will remain an outspoken proponent of open markets and free trade, low tariff barriers and low non-tariff barriers.

The plan has always been to work as a core member of the Galileo project, contributing financially and technically to the project. If that proves impossible then Britain will have to go it alone, possibly with other partners outside Europe and the U.S., to build a third competing system, for national security strategic reasons we need access to a system and we'll ensure that we get it.

What will start to reduce uncertainty is when we are able to set out more clearly the kind of arrangement we envisage going forward with the European Union, if our European Union partners respond to such a vision positively - obviously it will be subject to negotiation - so that there is a sense perhaps later this year that we are all on the same page in terms of where we expect to be going. I think that will send a reassuring signal to the business community and to markets.

We have to be ready as government, the Bank of England has to be ready as monetary authority, throughout that period to respond to any instability created by that uncertainty and to ensure that the economy continues to operate smoothly.

What it does is underscore the hit to confidence that the uncertainty following the referendum decision has created.

The newly established fintech bridge between the UK and the Republic of Korea is an important step for one of this country's most exciting industries, the government is determined to help the UK fintech sector to innovate and grow and to ensure that Britain remains the location of choice for fintech start-ups.

Markets do need signals of reassurance, they need to know that we will do whatever is necessary to keep the economy on track, we're working together across that referendum divide in the party to deliver the best possible deal for Britain. I think confidence will gradually begin to return and people will start to see the shape of the future that we're mapping out.

Of course we've got to reduce the deficit further but looking at how and when and at what pace we do that, and how we measure our progress in doing that is something that we now need to consider in the light of the new circumstances that the economy is facing.

There are some of my colleagues in the Conservative party at the moment saying things like 'It'll be straightforward to agree access to the single market and there'll be no need to have freedom of movement,' i'm afraid they are simply betraying a lack of understanding of the political realities in the European Union. It will be much more complicated than that.

During the course of today there has been significant progress in the task of building a coalition in parliament in favor of air strikes in Syria and ensuring that when it comes to a vote that coalition is able to find its voice.

This isn't just about cooperating with the French authorities - it's about cooperating across Europe with intelligence agencies, with police authorities to ensure that we intercept these people, we identify them and we prevent them going about their murderous plans wherever they are planning and plotting and wherever they are seeking to attack.

We want to see claims dealt with by rules-based, not power-based, solutions in Asia as elsewhere, in a way that is consistent with the long-term peace and stability of the region, with freedom of navigation and overflight, and in accordance with international law.

We need to reflect on the fact that unlike in Western Europe, the process of reconciliation is not yet complete.

Remember, thousands of British servicemen died in the Second World War in Asia and it's right that we commemorate that.

The international community will not stand by while Houthi forces and other actors continue to undermine stability in Yemen and seek to fragment that country and undermine its legitimate president.