UK's Hammond: No-deal Brexit would deliver significant short to medium term hit to economy
|Additional comments from British finance minister Philip Hammond continue to cross the wires as he delivers his budget statement.
Key quotes (via Reuters)
- No-deal Brexit would deliver significant short to medium term hit to economy.
- The idea that there is some simple fix to avoid consequences of no deal Brexit is wrong.
- Any fiscal and monetary response to no deal would have to be carefully calibrated so as not to cause inflation.
- Progress we have made will be at risk if we cannot secure smooth and orderly exit from EU.
- Confident that lawmakers will pass EU deal over coming weeks || says no deal is not what British people voted for.
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