Philip Hammond’s consultancy firm made almost £1m in profit

Philip Hammond was rebuked last year by a Whitehall watchdog for using his government connections to assist a bank that was paying him for advice. Photograph: Alberto Pezzali/AP

The former chancellor Philip Hammond’s private consultancy has generated almost £1m in profits while working for controversial clients including the government of Saudi Arabia, company filings suggest.

Accounts filed this month suggest the Conservative peer has built a lucrative business since leaving government in 2019 providing “advisory services” to an array of private sector and foreign government clients.