Hammond warns Johnson and Hunt over spending promises

Chancellor says no-deal Brexit would drain £26bn that rivals claim could be a ‘war chest’

Philip Hammond has warned the two Conservative leadership candidates that their spending plans cannot be funded if the UK crashes out of the EU without a deal.

The chancellor cast doubt over Boris Johnson’s and Jeremy Hunt’s plans in a tweet that said a no-deal scenario would blow a hole in the public finances, erasing the next prime minister’s spending firepower. Both candidates have said they are willing to leave without a deal.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *