No-deal Brexit

Jeremy Hunt to Set Aside Over $7 Million to Prepare for No-Deal Brexit

Posted Monday, July 1, 2019 by
Arslan Butt • 1 min read

The search for the next Prime Minister in Britain continues, and a no-deal Brexit scenario continues to take center-stage in the campaign. Jeremy Hunt, Boris Johnson’s closest rival in the race, plans to set aside $7.6 billion to prepare for such a situation after October 31.

Britain’s present foreign secretary is expected to mention his plan for a no-deal Brexit in speeches on Monday. His speech will discuss the level of preparedness in dealing with the aftereffects of leaving the EU without a deal in hand. Hunt, who had chosen to stay in the EU during the Brexit referendum of 2016, has stated that he will ramp up efforts of the government to protect the interest of British citizens after Brexit.

While both Hunt and Johnson are more keen on renegotiating a better deal with the EU before departure, the EU has continued to maintain that it is not interested in revisiting negotiations.

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