But despite the brave face, Mr Hammond is under intense pressure after his humiliating volte-face over hiking national insurance for the self-employed.
Relations with the PM have plunged to a new low after Theresa May forced Mr Hammond into dropping the key Budget measure.
Philip Hammond was meeting US Treasury Secretary Steven Mnuchin in No11 todayPhilip Hammond was attempting to get on with business as usual today despite his abject climbdown over the Budget tax raid.
Mr Hammond tried to shore up his position today by pleading for the public to keep ‘faith’ in him, saying the climbdown showed he could be ‘trusted’.
After delivering his Budget a week ago, Mr Hammond was accused of lying and breaching the Tory manifesto by placing the £2billion tax raid at the heart of his Budget.
India an important business partner of US: Steven Mnuchin
Treasury Secretary Steven Mnuchin has asserted that India is a significant economic partner of the US and hoped to continue the bilateral financial talks between the two countries in the future.
US Treasury Secretary Steven Mnuchin spoke with Finance Minister Arun Jaitley over phone on Tuesday and underscored India’s importance as an economic partner of the United States, the Treasury Department said in a statement yesterday.
“The secretary and the finance minister expressed a desire to continue the robust bilateral dialogue between the Treasury and the Ministry of Finance in the year ahead,” it said.
Jaitley is scheduled to visit America next month to attend the annual spring meeting of the International Monetary Fund and the World Bank.
The two leaders are expected to meet then.
As it stated in March 24, 2017Secretary Mnuchin on Health Care and Tax Reform Treasury Secretary Steven Mnuchin spoke with Mike Allen, co-founder of Axios.
He provided an update on the president’s trade agenda, saying… read moreSecretary Mnuchin on Health Care and Tax Reform Treasury Secretary Steven Mnuchin spoke with Mike Allen, co-founder of Axios.
In addition, Secretary Mnuchin said he was optimistic about passing the health care law replacement legislation and comprehensive tax reform.
He provided an update on the president’s trade agenda, saying NAFTA would be the first major agreement to get reviewed.
He also spoke about his relationship with President Trump, infrastructure investment, and cybersecurity in the financial sector.
collected by :Molly Tony