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Brexit deal needed for end to austerity in UK: Hammond

Brexit deal needed for end to austerity in UK: Hammond© Reuters. Britain’s Chancellor of the Exchequer Philip Hammond arrives in Downing Street, London

LONDON (Reuters) – British finance minister Philip Hammond said an end to austerity depended on the country getting a Brexit deal which would allow for more public spending, but he might have to take a different approach if there is no deal.

“If we don’t get a deal … we would need to take a different approach to the future of Britain’s economy,” Hammond said in an interview with Sky News broadcast on Sunday.

“We would need to look at a different strategy and frankly we’d need to have a new budget that set out a different strategy for the future.”

Hammond has angered many Conservative Party lawmakers who accuse him of wanting to remain too close to the EU after Brexit.

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Source: Investing.com

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