Hammond ‘terrified’ by Rees-Mogg claim of no-deal Brexit boost

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Chancellor rubbishes claim by Boris Johnson ally that no-deal exit could boost economy by £80bn

Philip Hammond, the chancellor, has said it is “terrifying” that one of Boris Johnson’s close allies, Jacob Rees-Mogg, believes a no-deal Brexit will boost the economy.

The chancellor, who is expected to exit the government next week, expressed his horror after Rees-Mogg used a Daily Telegraph opinion piece to dismiss the “pure silliness” of Treasury forecasts suggesting a £90bn hit to the economy.

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