Philip Hammond to receive peerage in Johnson’s honours list
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Lord Hammond is working with the former political strategist on the new London-based enterprise called Municipal Partners. The project plans to lease homes to local authorities with a shortage of social housing.
It is believed Lord Hammond has already held talks with local authorities in England, including Barking and Dagenham, which has more than 7,000 households on its waiting list.
The company will buy former council homes that were sold off under the Conservatives’ right-to-buy scheme.
Of the project, Lord Crosby told the Times: “The business is at an early stage of development and is discussing potential projects with a number of local authorities.
“Former Chancellor Philip Hammond has been supportive of our plan for the business and has been assisting us as we roll out our model.
“We hope to conclude arrangements for him to take on the role of chairman of the company shortly and play an active part in delivering our social objectives.”
Sir Philip was strictly opposed to a no deal Brexit outcome and once described it as a “betrayal” of the 2016 referendum result.
Back in 2019, Sir Philip wrote in the Times: “Most people in this country want to see us leave in a smooth and orderly fashion that will not disrupt lives, cost jobs or diminish living standards, whether they voted Leave or Remain in 2016.
“Parliament faithfully reflects the view of that majority and it will make its voice heard.
“No-deal would be a betrayal of the 2016 referendum result. It must not happen.”
The former Chancellor came under fire back in February when a former No10 adviser claimed Sir Philip was envious of the Prime Minister.
Nick Timothy, Theresa May’s former Joint Chief of Staff, said the former Chancellor is now the “best possible advertisement” for scrapping the House of Lords.
Writing in the Daily Telegraph, Mr Timothy said: “Unable to resist jabbing at Leave-supporting politicians, envious of Boris Johnson, ignorant of Parliament, contemptuous of ordinary people, resistant to public opinion, reluctant to concede the reality of what Brexit must mean, incredulous that Theresa May, a woman he believed his inferior, could become Prime Minister, he details a fantasy of what might have been.”
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Mr Timothy added: “Instead, he makes clear, he worked to undermine what Brexit would mean.
“Despite claiming to accept the referendum result, it is not obvious what Hammond thought Britain should leave.
“The single market? No. The customs union? No.
“The writ of the European Court of Justice? That was just ‘theological’ argument.”
Sir Philip served as Tory MP for Runnymede and Weybridge from 1997 until 2019, when he was handed a peerage.
He was appointed Chancellor in 2016 by Mrs May after she replaced David Cameron as Tory leader and Prime Minister.
He tendered his resignation prior to Mrs May herself standing down as Prime Minister in July 2019.
He explained if he were part of incoming PM Boris Johnson’s Cabinet he would be required to support a no-deal Brexit, which was something he “could never sign up to”.
He said at the time: “The party I joined as a student [is] unrecognisable to me.
“Gone is the relaxed, broad church coalition united by a belief in free trade, open markets, fiscal discipline, and a fear of the pernicious effects of socialism.
“The radicals advising Boris do not want a deal. Like the Marxists on the Labour left, they see the shock of a disruptive no-deal Brexit as a chance to re-order our economy and society. But I detect no appetite among our electorate for such a project.”
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