Chancellor Philip Hammond says Brexit betrayal would cause more damage than leaving EU – business live

Hammond tells MPs that Brexit will lead to slower growth, but it’s worth itLatest: Chancellor says Britain is deeply fracturedHammond: UK will be poorer after BrexitEarlier:UK service sector growth has weakenedServices PMI fell to 50.4 last month, lowest since July 2016Economists: Brexit worries are eating into growth 1.58pm GMT Hammond agrees it is “implausible” that the government wouldn’t take steps to protect and support the economy, if the UK leaves the EU without a deal. 1.56pm GMT Q: Under each of your scenarios, Britain’s debt/GDP ratio is higher than if we stay in the EU. Doesn’t that mean that the ‘deal dividend’ doesn’t exist?Hammond denies it. He says the deal dividend does exist, in two parts: Continue reading…
Via: Chancellor Philip Hammond says Brexit betrayal would cause more damage than leaving EU – business live