By Jasmin Gray
The government would be forced to abandon the economic plans due to be set out in Monday’s autumn budget in the case of a no-deal Brexit, Philip Hammond has revealed.
The Chancellor told Sky’s Sophy Ridge that the current version of the budget – which is expected to outline Theresa May’s plans to end austerity – was based on the assumption the UK would be able to strike a deal with the EU.
In the case of the UK crashing out of the EU, “we would need to take a different approach to the future of Britain’s economy”, Hammond said on Sunday.
“We would need to look at a different strategy and frankly we would need to have a new budget that set out a different strategy for the future.”
“Frankly we’d need to have a new budget” –
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