Rolling coverage of the day’s political developments as they happen
And Philip Hammond has just told MPs that Mark Carney will stay on as governor of the Bank of England – but only for another seven months.
Chancellor Philip Hammond tells MPs that Mark Carney will continue in his role of governor of the Bank of England to the end of January 2020.
I’m back in the office now that the Economists for Free Trade meeting is over. I will post a summary soon.
While I’ve been there, Philip Hammond, the chancellor, has been taking questions in the Commons. As my colleague Peter Walker points out, he sounded mildly sceptical about the case for maintaining the freeze on fuel duty.
At Treasury questions Philip Hammond notes that the freeze on fuel duty has cost the government £46bn so far, and amounts to twice as much per year as spending on NHS doctors & nurses.
Useful context for the “war on the motorist” nonsense.