No-Deal Brexit Could Harm the Economy: British Finance Minister - Forex News by FX Leaders
Brexit in Focus

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

Posted Tuesday, May 21, 2019 by
Arslan Butt • 1 min read

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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