MercoPress. South Atlantic News Agency

Chancellor of the Exchequer insists UK leaves the EU on October 31

“If we cannot strike a deal, I think it is important to leave in any case and leave with no deal. It is not perfect but it is appropriate that we leave on the 31st.”

The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, Chancellor of the Exchequer Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is important to leave in any case and leave with no deal. It is not perfect but it is appropriate that we leave on the 31st.”

Finance minister Javid repeatedly refused to set out how the government could deliver Brexit if there was no deal given a law which demands the prime minister delay Brexit in such a scenario.

“The legislation that parliament has passed of course has made things more difficult, but we are clear our own policy is completely unchanged, we will be leaving on 31st,” Javid said.

Javid also anticipated that the UK could take advantage of record low interest rates to borrow to invest in infrastructure. Javid is expected to use his speech at the governing Conservative Party’s annual conference to set out an investment package to improve Britain’s roads, broadband coverage and bus services.

“Record low interest rates - you can take advantage of that as a government when you can borrow at negative interest rates for 30 years and put it into economic infrastructure,” Javid told Sky News when asked about where the money was coming from.