Updates

Latest Entries

Philip Hammond Warns UK Would Be Forced To Drop Budget Plans In Case Of No-Deal Brexit

By Jasmin Gray

Philip Hammond is due to deliver his autumn budget on Monday

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.”

Via:: https://www.huffingtonpost.co.uk/entry/philip-hammond-budget-no-deal-brexit_uk_5bd5a8f6e4b0a8f17ef8a8a9