• Analytics
  • News and Tools
  • Market News
  • British Finance Minister Hammond says fears impact of worst case no deal Brexit
Market News
18.07.2019, 09:20

British Finance Minister Hammond says fears impact of worst case no deal Brexit

British Finance Minister Philip Hammond said that he feared the consequences on the economy and the public finances of a worst case no deal departure from the European Union as analysed in a fiscal risk report out on Thursday.

Hammond said that the report from Britain's Office for Budget Responsibility (OBR) showed that even in the most benign version of a no deal EU exit there would be "a very significant hit to the UK economy".

Hammond said that the OBR was clear that in a less benign version of a no deal scenario, the hit to the economy would be much harder, causing a much deeper recession.

"So I greatly fear the impact on our economy and our public finances of the kind of no deal Brexit that is realistically being discussed now," Hammond told

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location