Former chancellor calls on May to sack current chancellor

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Chancellor Philip Hammond answering questions at the Commons Treasury Select Committee in Westminster London

Lawson was referring to comments made by Hammond on Wednesday, when he said he was not yet prepared to start spending money on contingency arrangements in the case of Britain and the European Union being unable to reach a Brexit deal.

Many in Westminster reckoned that Lawson was taking his cue from the Daily Mail, which published a scathing editorial this morning calling Hammond "dismal, defeatist [and] relentlessly negative" and even went as far as suggesting that he could be replaced by Jacob Rees Mogg.

But Mr Hammond later told MPs that the Treasury was "prepared to spend when we need to spend" on contingency plans for "no deal" outcomes including a possible "bad-tempered breakdown" in negotiations.

After a week of tension between the chancellor and his cabinet colleagues, No 10 gave...

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Two senior cabinet ministers, Liam Fox and Boris Johnson, appeared to side with the prime minister's emphasis on the need to spend money on preparing for no deal.

Addressing The Times' deputy political editor Sam Coates, she said: "I called for him to go live on TV on Peston on Sunday". Now, clearly, that makes a no deal deal scenario more likely because. the clock is ticking.

Some on the centrist wing of the party believe the Eurosceptic criticism of Hammond is partly a defensive move to shore up the position of Johnson, who is facing separate calls to be sacked.

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