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LONDON – Britain's new Treasury chief says there will be no emergency budget — even though there are questions marks hanging over the economy following the country's decision to leave the European Union.
Philip Hammond says he will meet with the head of the Bank of England, Mark Carney, on Thursday to "assess where we are."
Hammond was one of Prime Minister Theresa May's first appointments, and one of his immediate tasks was to take to the airwaves in hopes of offering calming tones of reassurance to the markets and the general public about the economy.
Hammond told ITV that while there is no plan for an emergency budget, "the markets do need signals of reassurance, they need to know we will do whatever is necessary to keep the economy on track."