Philip Hammond has said he is “confident” businesses will be given the Brexit certainty they need although he sidestepped calls to ensure transition principles are guaranteed by Christmas. The UK Chancellor acknowledged the principles of a transition period are “urgent and pressing”, also telling MPs the Government wants them agreed with the European Union “as soon as possible”.
Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to the UK staying within the EU would have a significant positive impact on growth, the OECD said.
The British government will spend whatever is necessary to make sure the UK is ready for Brexit, Downing Street has said. A No 10 spokesman said £250m of new money had been allocated this year to prepare for leaving the EU, including the possibility of a no-deal scenario.
Businesses need more clarity on Brexit, the Chancellor, Philip Hammond, has acknowledged. Speaking at the BBC's Today program he said the sooner the government gave businesses more certainty about the process, the sooner the economy would pick up.
The Conservatives must take on and defeat Labour dinosaurs in a great clash of ideas over the future of capitalism, Philip Hammond has said, adding that activists must expose Jeremy Corbyn's back to the future socialist fantasy which was leading people down a dangerous path.
British Chancellor Philip Hammond on Sunday sent a thinly-veiled warning to Boris Johnson amid speculation that the Foreign Secretary is trying to destabilize Prime Minister Theresa May, declaring “nobody is unsackable”.
Theresa May is expecting Boris Johnson to remain in her Cabinet as Foreign Secretary, Downing Street has said. The comment came after Mr. Johnson dismissed reports that he might be on the verge of quitting and denied the Cabinet is split over Brexit, insisting: “We are a nest of singing birds.”
Brexit Secretary David Davis is to update MPs on last week's negotiations with the European Union later. Davis will make a statement in the House of Commons about the progress of the third round of Brexit talks. It comes after the prime minister said the UK is ready to intensify talks rather than stick to its one-week-a-month schedule.
The UK has set out the ambitious new customs arrangement it wants to secure with the EU after Brexit. Ministers said the plans would mean the freest and most frictionless possible trade with the rest of Europe and could include a temporary customs union after Brexit to prevent border problems as the UK leaves the EU.
The UK will need a transition period to help businesses adjust after Brexit, the chancellor and the international trade secretary have said. In a joint Sunday Telegraph article, Philip Hammond and Liam Fox stressed any deal would not be indefinite or a “back door” to staying in the EU.