Theresa May says a no-deal Brexit ‘wouldn’t be the end of the world’

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Theresa May says a no-deal Brexit ‘wouldn’t be the end of the world’

Prime minister attempts to distance herself from pessimistic Treasury forecasts that incensed the Tory right

Theresa May claimed that a no-deal Brexit “wouldn’t be the end of the world” as she sought to downplay a controversial warning made by Philip Hammond last week that it would cost £80bn in extra borrowing and inhibit long-term economic growth.

The prime minister conceded that crashing out of the European Union without a deal “wouldn’t be a walk in the park” but went on to argue that the UK could make an economic success of the unprecedented situation if it proved impossible to negotiate a satisfactory divorce.

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