New Chancellor Hammond says BoE to move first on Brexit response

By David Milliken and Ana Nicolaci da Costa LONDON (Reuters) - Chancellor Philip Hammond said on Tuesday the Bank of England would take the first steps to help steer the economy through its Brexit shock, and possible budget measures would not come until later this year. Hammond, who was named as chancellor of the exchequer by Prime Minister Theresa May last week, also declined to confirm whether he would follow through on his predecessor George Osborne's plan to make further cuts to corporation