Philip Hammond, Chancellor of the Exchequer
Media playback is unsupported on your device
Video

What is new Chancellor Philip Hammond's plan?

New Chancellor of the Exchequer Philip Hammond has said that the outcome of the referendum has had a "chilling effect" on the British economy.

But Mr Hammond insisted that the government would do whatever was needed to restore confidence.

The BBC's Kamal Ahmed reports.

  • 14 Jul 2016
  • From the section UK
Go to next video: UK economy 'entering new phase'