>> Hello.>> The UK's new chancellor with a new plan for the purse strings. Philip Hammond's to take the stand of the Conservative Party conference on Monday, making his economic mark on a post-Brexit Britain and pulling away from his predecessor, George Osborne. After taking over in July, he made clear he'd ditch Osborne's target to return finances to surplus by 2020.
And his speech notes give the first sign of his newfound fiscal flexibility, a £2 billion borrowing plan to tackle the housing shortage. He'll say while Osborne's policies were right at the time, times have changed, promising to still deliver fiscal discipline but in a quote pragmatic way that reflects the new circumstances.
Britain's economy appears to have largely weathered the initial shock of June's vote. But still look set for a sharp slowdown next year.>> There's no opt-out from Brexit.>> Prime Minister Theresa May on Sunday said she triggered the exit process by the end of March, beginning a two year countdown to negotiate the divorce.