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New UK finance minister known for ‘safe hands’

Chancellor of the Exchequer Philip Hammond needs to steer Britain's economy through the aftermath of the Brexit vote. ||| London - Philip Hammond took over as Britain's new finance minister on Wednesday, putting him in charge of the world's fifth-largest economy as it risks sliding into recession after voters decided to leave the European Union last month. Read also: Quick look: Britain's new cabinet ministers Hammond, 60, was foreign secretary until he was appointed by Britain's new Prime Minister Theresa May to replace George Osborne who served as Chancellor of the Exchequer for more than six years.
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