Picking the right economic brains is essential for Britain’s next leader

Philip Hammond

Anything can happen in today’s politics, but barring acts of God, this week’s Mansion House Dinner – one of the City’s big annual set piece events – is almost certain to be Philip Hammond’s last as Chancellor of the Exchequer. It will also be Mark Carney’s last as Governor of the Bank of England, so their speeches are likely to dwell as much on legacy as the coming challenges of the economic and financial landscape.

For everyone else, however, the focus will be on who their successors might be. Such is the cruelty of moving on. Of all the offices of state, the position of Chancellor is the most coveted beyond that of Prime Minister, and is in some respects even more powerful. In terms of corporate...

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