The Times reported that Chancellor Philip Hammond believes that it would be irresponsible to spend the money of taxpayers in preparation for a “no-deal” exit from the European Union.
The newspaper said that Hammond would not allocate billions of pounds in next month’s budget to prepare for a hard Brexit,
Times said that the chancellor supports contingency planning if negotiation collapse. However, with the government attempting to secure a negotiated European Union exit and with budget tight, he is hesitant to approve spending unless the there is imminent danger.
The chancellor said he must be “realistic”, as he responds to claims that he is pessimistic in his outlook.
Hammond stated in the Times that there is a need “to ensure that we are prepared for all outcomes, including a no-deal scenario.”
“The government and the Treasury are prepared. We are planning for every outcome and we will find any necessary funding and we will only spend it when it’s responsible to do so”, Hammond added.