Overview
If the five year period of British after the 2016 Brexit were too exciting for you, then ‘Spreadsheet Phil’ Hammond might have provided some useful respite.
Not elected to Parliament until his 40s, Hammond was initially slow to progress on the Conservative front bench. However he progressed under David Cameron. Considered a safe pair of hands, he served initially as Secretary of State for Transport and then as Secretary of State for
Hammond then spent five years occupying two of the Great Offices of State, first as , and then as Chancellor of the Exchequer.
During his time as , Hammond proved a stalwart defender of the ‘soft-Brexit’ approach. Resigning upon Boris Johnson becoming , Hammond had the removed altogether after he led a revolt on Brexit in 2019.
As such Hammond was ‘de facto’ deselected by the Conservatives and left Parliament at the 2019 . An alleged ‘goth’ in his youth, ‘Spreadsheet Phil’ turned out to be a rebel at heart.
Philip Hammond, a rebel at heart.
of the Exchequer
At 60-years-old, Hammond landed his dream job at the Treasury in 2016, upon Theresa May’s coronation as .
As Mrs May was championing the need to support those ‘JAM’s’ who were ‘Just About Managing’, Hammond, focused on economic stability following the EU referendum.
Labelled the ‘ of State for Soft-Brexit’, Hammond’s Treasury department was soon criticised by backbench Eurosceptic MPs. According to one ‘senior at the time’, was ‘operating as a blocking mechanism’ to Brexit.
In 2019, Hammond told Andrew Marr that he would tender his resignation to Theresa May if Boris Johnson was elected Party leader.
Phillip Hammond Brexit
Hammond was steadfast in his ‘Remain’ convictions at the 2016 European Union referendum. As , Hammond worked to stem what he saw as the negative impacts of the wrong type of Brexit deal.
Returning to the back benches in the Summer of 2019, Hammond worked alongside other to thwart the prospect of a no-deal Brexit.
In September 2019, Hammond led 20 other MPs in voting against the to make a ‘no-deal’ Brexit, effectively, illegal. Subsequently, Hammond and the other 20 rebel MPs had the suspended.
What does do now?
Despite his fall out with the new party leadership over Brexit, Hammond was offered a life- in February 2020. now once again sits as a in the Upper Chamber.
Since leaving ofice Philip Hammond has picked up a number of advisory jobs. One of his initial appointments was with OakNorth bank. He was also named as a non-executive director of the Irish metal and glass packaging firm Ardagh, which is listed on the New York stock exchange. He was reportedly paid £125,000 a year in that role.
In July 2020, it was revealed that Hammond had taken up a paid role as an advisor to ‘s of Finance.
In late 2021, Lord Hammond, who was an early supporter of bitcoin and other digital currencies, joined the Mayfair based crypto currency trading firm, Copper.co, as an advisor.
Political Career
Hammond was first elected to Parliament in 1997 for the safe seat of Runnymede and Weybridge in .
After a short stint as Shadow Chief to the Treasury (2005) under Michael Howard, Hammond was made Cameron’s Shadow of State for Work and Pensions (2005-2007). In 2007, Cameron moved Hammond back to the post of shadow Chief to the Treasury.
Following the 2010 and the new Liberal Democrat coalition, Hammond was made of State for Transport (2010-2011).
Following a spell as of State for (2011-2014) and of State for Foreign and Commonwealth Affairs (2014-2016), Hammond became (2016 – 2019).
Background
How old is Phillip Hammond?
Hammond was born on the 4th of December 1955.
What did do before ?
After leaving , Hammond joined the medical equipment manufacturers Speywood Laboratories Ltd in 1977-becoming a director of Speywood Medical Limited in 1981.
Hammond subsequently developed a number of interests of his own including in property, manufacturing, and healthcare. Hammond worked as a consultant to the Malawi from 1995 until his to Parliament in 1997.
Is Phillip Hammond married?
Hammond married Susan Carolyn Williams-Walker on 29 June 1991. The couple have two daughters and a son.
Things you might not know about Phillip Hammond
He was a young entrepreneur
Hammond was a keen entrepreneur in his youth. He has had many businesses, one of which was running discos.
At Oxford Hammond met Colin Moynihan, later to be Lord Moynihan, with whom he began a number of ventures. Speaking about his relationship with Hammond, Moynihan said: ‘He always saw the opportunity. He was never not thinking about how to make money’.
Newspapers have previously estimated Hammond’s wealth to be around the £8 million mark.
He went to school with Richard Madeley
Hammond was educated at Shenfield School in Essex where he shared a classroom with Richard Madeley, of later Richard and Judy fame.
Describing their school days, the television presenter has claimed Hammond was quite popular, saying, ‘he put his big boots on the desk and start reading the Telegraph and swapping political dialogue with our history teacher who was a Guardian reader’.
Madeley also suggested that Hammond was a ‘goth’ in his school days who ‘looked like Johnny Depp back in his pomp’.
He was at with Theresa May
As a Philosophy and Economics (PPE) student at Oxford , Hammond met then Geography student Theresa May. They were acquaintances but never close, perhaps somewhat aptly reflecting their later relationship.
Social Media
Twitter – @PhilipHammondUK
