No change to monetary policy, UK finance minister says

Philip Hammond
Hammond says no harm will come to the BoE's monetary policy framework

The UK's finance minister has said the government led by new prime minister Theresa May has no plans to alter the monetary policy framework of the Bank of England, rebuffing allegations the prime minister had threatened the Bank of England's independence.

Appearing before the UK parliament's Treasury Select Committee for the first time since taking office, Philip Hammond was quizzed by members on whether May's comments made at the Conservative party conference would see a change to the current p