Philip Hammond pulls out of Mansion House speech

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Philip Hammond, the Chancellor, has pulled out of delivering the annual Mansion House speech on Thursday night because of the Grenfell Tower fire.

“In view of the Grenfell Tower tragedy, I have withdrawn from giving the Mansion House speech tonight, ” he tweeted.

“My thoughts are with the local community.”

The speech was set to have been studied for clues on the government’s approach to the Brexit talks.

A Treasury spokesman said Mr Hammond would deliver the speech intended for the Mansion House dinner in the near future.

He was set to appear at the Bankers and Merchants Dinner alongside figures including Bank of England governor Mark Carney and the Lord Mayor of the City of London, Andrew Parmley.

The chancellor had been expected to say that £48bn of funds from the European Union’s investment bank would not be put at risk following Brexit.

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