British Chancellor resigns

British Chancellor resigns

British Chancellor Philip Hammond has resigned, he wrote on his Twitter page.

In his resignation letter, Hammond told outgoing Prime Minister Theresa May that he believes her successor "must be free to choose a Chancellor who is fully aligned with his policy position".

"It has been a privilege to serve as your Chancellor for just over three years since you assumed office in July 2016," he added.

"Despite the uncertainty created by the unresolved issue of Brexit, we have been able to make notable progress in rebuilding the public finances and preparing the British economy for the opportunities ahead," the Evening Standard cited Hammond as saying.


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