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Money Philip Hammond refuses to fund preparations for a no-deal Brexit

08:26  12 october  2017
08:26  12 october  2017 Source:

Philip Hammond ‘preparing revolutionary budget’

  Philip Hammond ‘preparing revolutionary budget’ The DUP, meanwhile, is said to be “very concerned” about Mr Hammond’s behaviour. A party source told The Sunday Telegraph: “It is evident to us that he is winding people up and causing unnecessary division within the Conservative Party at a crucial time in the Brexit negotiations, and his behaviour is very unsettling.“One has to wonder what his motivation is. He appears to be at least highly sceptical about Brexit and one could conclude from his current position and his behaviour that he is trying to frustrate the negotiating process and to undermine the Prime Minister.

Despite May and Davis starting to make more encouraging noises on no deal preparations , Philip Hammond writes in the Times that he won’t spend any money now to prepare for that outcome. If Hammond won’t fund plans for no deal it simply doesn’t look like a credible option.

CHANCELLOR Philip Hammond has spoken for the first time since revealing he will refuse to budget for a " no deal " over Brexit . "We have to be prepared for a no deal until we have clear evidence we will not have a no deal . "I’m not proposing to allocate funds to departments in advance of the need to

Philip Hammond © Provided by Business Insider UK Philip Hammond

LONDON — Philip Hammond has said that it would be irresponsible for the UK government to start spending money on planning for a "no-deal" Brexit and that it is the government's "duty" to reach a deal with the European Union.

In an article for the Times newspaper, the Chancellor said that he will not be announcing measures to get ready for no-deal in the budget next month, in a move that will likely anger those in favour of a hard Brexit in the cabinet.

Hammond said: "We are planning for every outcome and we will find any necessary funding and we will only spend it when it’s responsible to do so."

Prankster hands British PM unemployment notice

  Prankster hands British PM unemployment notice British Prime Minister Theresa May's speech at her Conservative Party's annual conference on Wednesday was interrupted by a serial prankster handing her an unemployment notice -- and then by her own repeated coughing. Comedian Lee Nelson, whose real name is Simon Brodkin, walked up to the stage and gave May the form, known in Britain by its reference code P45.He claimed Foreign Secretary Boris Johnson, who has clashed with May over Brexit, told him to do it."Boris said in one of those corridor meetings: 'Give Theresa this'.

Taxpayers’ money should not be spent now on preparing for a “ no deal ” Brexit , Chancellor Philip Hammond has suggested. His intervention came after Theresa May refused to say whether she would back Brexit if the referendum on quitting the European Union was held now.

The Chancellor has been urged to build up a reserve fund in case we leave the EU without a trade deal . PHILIP HAMMOND defied Brexit backers last night saying he would refuse to set more money aside to prepare for Britain crashing out of the EU without a deal .

This follows Prime Minister Theresa May saying "we don't know what's going to happen" in a no-deal scenario for EU citizens in the United Kingdom after March 2019, during a phone-in on LBC radio on Tuesday afternoon.

May also refused several times to say how she would vote in a re-run of the EU referendum, telling host Iain Dale that she doesn't answer "hypothetical questions."

Watch: May refuses to answer if she'd vote for Brexit today (LBC)

In his article, Hammond said the main challenge of Brexit is "uncertainty" and the only way to combat this is to agree a "time-limited implementation period" and also by "reaching a deal."

He said: "A good deal is not just in the best interest of Britain, but Europe too.

"As the prime minister said in Florence, securing such a deal is our duty 'not just for people today but for the next generation who will inherit the world we leave them'."

‘Two-thirds’ of Hammond’s £26bn Budget war chest faces wipeout

  ‘Two-thirds’ of Hammond’s £26bn Budget war chest faces wipeout Philip Hammond is facing what officials describe as “a bloodbath” in the public finances in his Budget next month as weak economic forecasts derail the government’s plans. As much as two-thirds of the £26bn of headroom in the public finances that the chancellor created last year as a buffer for the economy through the Brexit period is likely to be wiped out after the government’s fiscal watchdog concludes its forecasts for growth have been too optimistic.

SIR – The Chancellor, Philip Hammond , is publicly and clearly undermining the UK’s negotiating position on Brexit by refusing to sanction any spending on planning for a no - deal scenario until “it is responsible to do so”. The responsible thing was to sanction such spending at least 12 months ago.

Chancellor of the Exchequer Philip Hammond is refusing to provide funds to prepare Britain for a ‘ No Deal ’ scenario after Brexit , raising suspicions that ‘ No Deal ’ Brexit would require some advance preparations , however, with increased personnel to handle customs and immigration, tweaks to the

The chancellor has come under fire from Conservative MPs for allegedly "deliberately" making Brexit difficult and has faced calls to stand down as chancellor.

In a retort to an anonymous cabinet minister who called him "miserable," Hammond said it is his "duty to be realistic" about the challenges of Brexit.

He also made it clear that the UK would leave the customs union and single market in March 2019, when the country leaves the EU.

Hammond will appear in front of MPs on Wednesday morning at the Treasury select committee.

European Council President Donald Tusk has warned that if there wasn't progress in Brexit talks in the next few weeks, there could be the potential for no-deal.

The European Council of the EU27 leaders will meet next Thursday to decide on whether "sufficient progress" has been made in negotiations to allow them to advance onto discussing the future UK-EU relationship.

Tusk said: "We are negotiating in good faith, and we still hope that the so-called ‘sufficient progress’ will be possible by December. 

"However, if it turns out that the talks continue at a slow pace, and that sufficient progress hasn’t been reached, then, together with our UK friends, we will have to think about where we are heading."

Hammond called on the EU to "adopt a more flexible and creative approach" in order to allow negotiations to progress.

Sir John Major: I have watched Tory turmoil with increasing dismay .
The former prime minister also called for radical action on Theresa May’s social justice agenda.The ex-Tory leader, whose own premiership was marred by infighting and plotting, said he had viewed the turmoil in the Conservative Party with “increasing dismay”.

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