NEW: Chancellor Philip Hammond tells @SophyRidgeSky on @RidgeOnSunday
“If we don't get a deal… we would need to take a different approach to the future of Britain's economy... frankly we'd need to have a new budget that set out a different strategy for the future.”
“If we don't get a deal… we would need to take a different approach to the future of Britain's economy... frankly we'd need to have a new budget that set out a different strategy for the future.”
Here’s the quote from the Chancellor on a No Deal budget: #ridge
Chancellor wouldn’t say what would happen in such an emergency No Deal budget, but did tell Sophy tomorrow’s Budget “the turning point” on austerity is predicated on a Deal
“we would take appropriate fiscal measures to protect the economy, to prepare us for the future“ #ridge
“we would take appropriate fiscal measures to protect the economy, to prepare us for the future“ #ridge
Chancellor shown skill in managing to present what would be an emergency Budget that most in Treasury presume would require prolongation of austerity, monetary stimulus, weary eye on sterling... but to get decent quote out of Rees Mogg who sees it as Budget to slash C-tax/tariffs
It is obviously far from given, perhaps quite unlikely, that if there is no Deal either struck with EU or after Commons votes on a deal that Hammond would be Chancellor giving this emergency Budget #Ridge
