No-Deal Brexit Could Harm the Economy: British Finance Minister

A no-deal Brexit would most certainly harm the British economy, according to Finance Minister Philip Hammond. Hammond made these remarks while speaking to business leaders and politicians in the UK.

He also added, “all the preparation in the world will not avoid the consequences of no deal.” PM Theresay May’s Brexit deal comes up for a vote in the Parliament for the fourth time sometime in early June. She plans to resign after the upcoming vote.

Hammond expressed concern that if the Brexit issues are not resolved soon, May’s successor could cause Britain to exit the EU without a deal in hand.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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