UK's Chancellor admits investment in Britain hit by Brexit


UK's Chancellor admits investment in Britain hit by Brexit

Chancellor Philip Hammond has lashed out at Cabinet rivals who have been briefing against him, accusing them of trying to undermine his attempts to secure a Brexit deal which protected jobs and the economy.

It was reported this weekend that Hammond described public sector workers as "overpaid" and that driving a train is so easy "even a woman can do it" in a Cabinet meeting.

The Press and Journal says the parents of a teenager who took her own life have called for her abusive boyfriend to be thrown out of the University of Aberdeen.

The paper said it had five sources for the story, the latest in a series of hostile briefings against the Chancellor, which threatened to fuel growing public anger over the Government's continuing 1% public sector pay cap.

'They shouldn't have done it frankly because Cabinet meetings are supposed to be a private space in which we have a serious discussion, ' he said.

Fox said any transitional deal would have to give the United Kingdom the ability to negotiate new trade deals.

Chancellor Philip Hammond, known for his aversion to raising public borrowing, has warned that lifting the cap will mean tax rises.

Hammond, who supports the government's one per cent cap on public sector pay rises, has argued that public sector pay "raced ahead" of the private sector after the economic crash in 2008, citing "very generous" pension contributions which created a ten per cent "premium" for them, the BBC reports. I think he just did, you know.

Piling on the pressure, a report by the TUC published on Monday suggests that public sector workers are now thousands of pounds worse off since the Conservatives came to power in 2010, with paramedics and prison officers out of pocket by up to £3,800 (US$4,960) annually.

As Mr Hammond continued speaking, Ms May reportedly said: "Chancellor I am going to take your shovel away from you" - a reference to the adage: "When you're in a hole, stop digging".

TUC general secretary Frances O'Grady said: "It's been seven long years of pay cuts for our public servants".

This is despite the fact that wages have fallen by 14% in real terms since 2010, making it harder for the public sector to recruit and retain quality talent into the workforce.

The infighting came as the second round of EU withdrawal talks got under way in Brussels, with Brexit Secretary David Davis and European Commission chief negotiator Michel Barnier saying that officials will focus on the issues of citizens' rights, borders and the UK's financial settlement in discussions due to last four days.

The row is likely to - and is no doubt meant to - damage Mr Hammond's chances of becoming Prime Minister if Theresa May stands down later this year.

"I'm not going to get into speculation of who said what where and when".