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UK's Hammond says no-deal Brexit would be 'mutual calamity'

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UK's Hammond says no-deal Brexit would be 'mutual calamity'

 

 

2019-02-20T005915Z_1_LYNXNPEF1J01E_RTROPTP_4_BRITAIN-EU.JPG

FILE PHOTO: Britain's Chancellor of the Exchequer Philip Hammond is seen outside Downing Street in London, Britain, February 13, 2019. REUTERS/Hannah McKay

 

(Reuters) - A no-deal Brexit would be a "mutual calamity" for Britain and the European Union that would deliver a sharp blow to the British economy, Finance Minister Philip Hammond said on Tuesday.

 

Hammond, addressing the annual dinner of Britain's largest manufacturing association, Make UK, added that lawmakers should stop seeking legal changes to the Northern Irish backstop that the EU would not accept at short notice, and instead focus on supporting Prime Minister Theresa May's preferred Brexit plan.

 

"Our partners in the EU need to be at their pragmatic best in helping to avoid the mutual calamity of no deal; and you – and we – need to carry on explaining the implications of a no deal exit, no matter who cries 'Project Fear'," Hammond said.

 

(Reporting by David Milliken in London)

 

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 -- © Copyright Reuters 2019-02-20

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I think Hammond is a very capable Chancellor, but we are at critical stage and he should stop undermining TM and keep his mouth shut. 

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 no matter who cries 'Project Fear'," Hammond said.

 

And the Swindon Honda workers will fear nothing about universal credit and food banks either🤔

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4 hours ago, sammieuk1 said:

 no matter who cries 'Project Fear'," Hammond said.

 

And the Swindon Honda workers will fear nothing about universal credit and food banks either🤔

and whats that to do with the topic, diesel cars not wanted dead as a dodo, evolve or die.

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7 hours ago, Loiner said:

So come up with a proper deal. Not BRINO. Not Theresa’s capitulation. Not something that ties us to the EU as a vassal state. We can see through your Remainer lies of the past few years and won’t have anymore of them. You just haven’t been trying hard enough have you?


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Yes, but we should have done that 2 years ago...

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31 minutes ago, steve187 said:

and whats that to do with the topic, diesel cars not wanted dead as a dodo, evolve or die.

Nothing unless your a Honda worker or one of the company's that supply it or an ex employee with vested interest in the manufacturing town 🤔

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9 hours ago, Loiner said:

So come up with a proper deal. Not BRINO. Not Theresa’s capitulation. Not something that ties us to the EU as a vassal state. We can see through your Remainer lies of the past few years and won’t have anymore of them. You just haven’t been trying hard enough have you?


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You are right.  The deal the Brexiteer campaigners promised is what the people expected and that hasn't been delivered at all.  What is being offered by May is the best she could get even after setting her ridiculous red lines.  And that is BRINO!  We are in agreement!

 

So given that, you believe the way to go is with a no-deal? Even though that would leave Britain in a much worse off position than it is in now. Even Gove has said that a no-deal would seriously harm the farming industry and they may never recover from it?

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7 hours ago, sammieuk1 said:

 no matter who cries 'Project Fear'," Hammond said.

 

And the Swindon Honda workers will fear nothing about universal credit and food banks either🤔

But they will get a new shopping center, more "waiting for God" staffed on the cheap care homes, a collage to train for jobs that ain't there and lots of new houses for people without jobs when the propriety developers move in, Just look what St Modwen did for longbridge...  

Edited by Basil B

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11 hours ago, Loiner said:

So come up with a proper deal. Not BRINO. Not Theresa’s capitulation. Not something that ties us to the EU as a vassal state. We can see through your Remainer lies of the past few years and won’t have anymore of them. You just haven’t been trying hard enough have you?

Again a genious, who knows a better solution. So… show it !

20 years ago the British signed for NEVER a border between N. vs S. Ireland, and now... they cannot choise nor fulfil.

Let the last factory worker flow out the last candle… as electic light.. the British will not be able to afford in a couple of years.

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