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Tue May 21, 2019, 08:06 AM

UK's Hammond warns of hit to economy from a no-deal Brexit

Source: Reuters

Business News
May 21, 2019 / 7:51 AM / Updated 7 minutes ago

LONDON (Reuters) - British finance minister Philip Hammond said a no-deal Brexit would leave the country poorer, repeating his warnings to potential successors of Prime Minister Theresa May, some of whom have advocated an abrupt departure from the European Union.

“First of all there will clearly be short-term disruption which will have an unpredictable and potentially significant effect on our economy,” Hammond told lawmakers in parliament on Tuesday.

“Probably more importantly, all the analysis that the government has done and published - and external commentators have done and published - show that there will be a longer-term effect which means that our economy will be smaller than it otherwise would have been. And I didn’t come into politics in order to make our economy smaller.”

Read more: https://www.reuters.com/article/us-britain-eu-hammond/uks-hammond-warns-of-hit-to-economy-from-a-no-deal-brexit-idUSKCN1SR17I?il=0



Hey Hammond, you stated this:

“Probably more importantly, all the analysis that the government has done and published - and external commentators have done and published - show that there will be a longer-term effect which means that our economy will be smaller than it otherwise would have been. And I didn’t come into politics in order to make our economy smaller.”


Did you by some chance consult with Airbus, Nissan...........................they are not waiting to see what your Tory party wants to do, because they have basically said that they are going to "move" there operations..............so that means your economy is going to get smaller, laws of economics, and then your right wing party will try to cut back on services.............................because you know austerity and being a fascist party just doesn't quite work, when you have "clusterfuck" party, and this above comment means in my opinion you have no clue what your saying...........................you and Farage, May and others of your ilk are idiots, one is outright racist POS, the other wants to be like Thatcher, and go live in Hotel off the backs of the British taxpayer ...............................

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