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The Guardian - UK
The Guardian - UK
Politics
Rob Davies

Philip Hammond firm that worked for Saudi declares £600,000 dividend

Philip Hammond holds a mobile phone to his ear while walking along a street
Philip Hammond set up his consultancy firm two months after stepping down as an MP in November 2019. Photograph: Kirsty O’Connor/PA

A company owned by the former chancellor Philip Hammond has declared an increased dividend of £600,000, after working for clients including the government of Saudi Arabia, Companies House filings suggest.

Accounts for Matrix Partners Ltd, set up by the Conservative peer after he left office, indicate that the consultancy business has performed strongly thanks to its work for private sector clients and the Saudi regime.

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