After Phillip Hammond announced he will quit as Chancellor with Boris Johnson becoming Prime Minister today AJ Bell has assessed the good, the bad and the ugly elements of his tenure in 11 Downing Street.

Brexit could be followed by significant change to financial services regulation in the UK, Chancellor Philip Hammond indicated today in his Spring Statement.

Chancellor Philip Hammond said at the start of his Spring Statement in the Commons today that he would provide a Written Ministerial Statement providing more details of his announcements. Here is the statement in full:

Chancellor Philip Hammond today forecast lower GDP growth this year of 1.2% - significantly down on the 1.6% he forecast last autumn.