MANCHESTER, England—U. K. Treasury chief Philip Hammond on Monday offered a staunch defense of free-market capitalism in Britain, in a speech that underscores the disquiet in the ruling Conservative Party over the rise of the country’s left-wing opposition leader. In an address to the Conservatives’ annual conference in the northern English city of Manchester, Mr. Hammond said that a 35-year political consensus among Britain’s major political parties has now come to an end, as Labour leader Jeremy Corbyn espouses the...

Source: Wall Street Journal October 02, 2017 14:03 UTC