Theresa May has become the new UK prime minister and has appointed Philip Hammond as Chancellor and Boris Johnson as Foreign Secretary.  Mark Carney met the new Chancellor this week, shortly after Mr Hammond said that the government would do whatever was necessary to restore confidence in the economy. Contrary to public expectations, the Bank of England kept interest rates on hold at 0.5%, but held out the prospect of a stimulus package soon to help the economy cope with Britain's decision to leave the EU. According to reports, some analysts believe that the quicker than expected appointment of Theresa May and the calming of financial markets had lessened the need for immediate action, while Mr Carney is reported to have said that the Bank would wait three more weeks to see the intensity of the Brexit hit to the economy before deciding on the need for any stimulus.