The former chancellor Philip Hammond could see the value of his stake in the cryptocurrency firm Copper plunge after the company suffered a blow to its hopes of winning approval to operate in the UK, forcing it to explore a move to Switzerland. The Guardian understands that Hammond, recruited by...
Civil servants are being ordered to be wary of lobbying attempts by former ministers in the wake of Lord Hammond's approach to the Treasury on behalf of a paying client. A letter being drafted by Cabinet Office mandarins will warn officials across Whitehall to be "conscious of the restrictions" that are meant to bind senior government figures after they leave their posts.
A former UK Chancellor of the Exchequer, Philip Hammond, has told Yahoo Finance that big finance will certainly get into the crypto space. He said that “trading characteristics” that we normally associate with crypto assets will be used more and more to the point where we see conventional assets also tokenised.
The former chancellor Philip Hammond has added another job to the dozen or so he has taken on since leaving the Treasury in 2019, this time as an adviser to a Mayfair-based cryptocurrency trading firm. Lord Hammond, who also served as foreign secretary and was an early supporter of bitcoin...
Former Chancellor Philip Hammond cleared of breaking rules after his lobbying of Treasury was ruled only 'incidental'
A Whitehall watchdog judged Philip Hammond's messages to a senior Treasury official on behalf only "incidental" lobbying and not punishable.
Former Chancellor Philip Hammond sought legal advice on stopping the UK lobbying watchdog from publicly saying he broke government rules
Hammond sought to stop ACOBA, Whitehall's lobbying watchdog, from publishing its finding that he had broken official rules by lobbying the Treasury.
Former chancellor Philip Hammond has been rebuked by a sleaze watchdog for “unwise” lobbying of Treasury officials on behalf of a bank offering Covid software.The Advisory Committee on Business Appointments (Acoba) said that Lord Hammond’s decision to email the second most senior civil servant at his former department was “not acceptable” and broke rules on lobbying by former ministers.Acoba polices the business activities of former ministers to ensure they do not exploit inside information and contacts after they have left office, but has no power to issue sanctions or fines for breaches.The watchdog launched an inquiry into Lord Hammond’s email...
A watchdog has rebuked former chancellor Philip Hammond for using his government connections to assist a bank he now advises. Lord Pickles, who chairs the Advisory Committee on Business Appointments (Acoba), said it was an “unwise step” for the Conservative politician to contact a senior Treasury official about a project developed by OakNorth.
The lobbying watchdog has launched an investigation into Lord Hammond of Runnymede, the former chancellor, after it emerged that he wrote to a Treasury mandarin about a bank he was paid to advise. The Tory peer sent an email to Charles Roxburgh, the second most senior official at the Treasury,...
Former Tory chancellor reportedly wrote to Treasury to advocate for a bank he is a paid adviser for
Lord Hammond of Runnymede, the former chancellor, has been accused of breaching the ministerial code after writing to one of his former senior officials to advocate on behalf of a bank he was paid to advise. In an email sent in July 2020, Lord Hammond told Charles Roxburgh, the Treasury’s...
Tory former chancellor Philip Hammond has urged the Prime Minister to tell the public “some difficult home truths” ahead of next week’s Budget. The ex-occupant of Number 11, who was a close ally of Theresa May, also said the Government should ditch “very extravagant” promises from its manifesto. His intervention...