Hammond to announce departure from Osborne policies

Chancellor to tell Tory conference 'we must change with the times' in move away from predecessor

Philip Hammond
(Image credit: Dan Kitwood/Getty Images)

Chancellor Philip Hammond (pictured) will announce a "pragmatic" approach as he vows to manage public finances in a different way to his predecessor, George Osborne.

With the economy taking centre stage on day two of the Conservative Party conference, Hammond will promise "a new plan for the new circumstances Britain faces" after the EU referendum result.

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