Brexit: Philip Hammond refuses to commit money to no-deal scenario

Brexit: Philip Hammond refuses to commit money to no-deal scenario

The Chancellor made the comments in an article with The Times

Wednesday, October 11, 2017

Philip Hammond has said taxpayers’ money shouldn’t be spent on preparing for the possibility of a no-deal Brexit.

The Chancellor made the comments in an article for The Times, in a move which could potentially anger Brexiteers who want the Government to set aside money for the possibility.

Hammond said the UK would be prepared for every possible outcome, but insisted he would not commit money to the no-deal scenario at this point.

He said it was his duty to “be realistic about these challenges” in order to “carefully navigate” the UK economy through the upcoming trials.

Hammond has reportedly faced calls from pro-Brexit ministers to do more to show Britain is ready to end the stalemate in the on-going withdrawal negotiations.

Donald Tusk, the European Council president, has dismissed the idea of EU leaders moving into trade discussions at present, as there hasn’t been “sufficient progress” on the current issues of a financial settlement, the Irish Border, and the rights of EU nationals.

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