Brexit: Hammond tells MPs UK can’t have the funds for financial prices of no deal Brexit – Politics reside | Politics


The worst conceivable result – which stays a grave worry given the political uncertainty in Westminster – is that the United Kingdom leaves the EU without a Brexit deal in any respect.

This is able to no longer simplest be devastating for London’s financial system, however would in truth harm companies and economies throughout Europe – together with right here in Dublin – and building up the risk of a difficult border at the island of Eire.

In my opinion, the chance – the very perception – of a no deal Brexit will have to be taken off the desk via the British executive.

It’s simply too unhealthy to go away as a chance.

That’s why – as of late – I’m calling on Theresa Might to withdraw article 50 if the British Parliament rejects her deal subsequent week, which is taking a look extraordinarily most likely.

This transfer will be the unmarried best possible strategy to be sure that we keep away from falling off the cliff edge.

It will forestall the clock this is ticking down in opposition to a no deal Brexit, and it will give you the respiring area to make a decision how we unravel this mess.

If the British top minister refuses to take this precautionary step – we’d proceed heading in opposition to a no-deal Brexit in only some months’ time – and would chance us having to give an explanation for to long term generations why the federal government of the day knowingly put our financial system, our prosperity and our position at the international level in such grave peril.

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