Jeremy Hunt to Set Aside Over $7 Million to Prepare for No-Deal Brexit - Forex News by FX Leaders
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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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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