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British finance minister Hammond resigns

British Chancellor of the Exchequer Philip Hammond resigned on Wednesday, a day after Boris Johnson won the leadership race and is prepared to become the new prime minister.

Hammond said the new leader should choose someone “fully aligned with his policy position.”

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Hammond, who is vehemently opposed to a no-deal Brexit that Johnson has not ruled out, also said in a letter to outgoing Prime Minister Theresa May that the unresolved issue of Brexit had caused “uncertainty” for the economy.

My successor should choose wisely on spending pledges and cutting taxes, he added. (CGTN)