Sunday Roundup – Philip Hammond – A ‘no deal’ Brexit would mean a new budget

With the Budget due on Monday, today’s highlights have come chiefly from the leading Treasury figures of the two major parties. Sophy Ridge was joined this morning by the Chancellor of the Exchequer. Hammond, who is known to be wary about the UK’s impending departure from the EU’s economic framework, told Ridge that tomorrow’s Budget would not be the last we’d hear from him if the Brexit negotiations break down:

"Frankly we'd need to have a new budget" – @PhilipHammondUK tells @SophyRidgeSky that "a different approach" would be needed if we don't get a Brexit deal #Ridge pic.twitter.com/yhiZTVOR7L

— Politics Hub with Sophy Ridge (@SkyPoliticsHub) October 28, 2018

PH: If we were to leave the European Union without any deal – I think that’s an extremely unlikely situation, but of course we have to prepare – then we would need to take a different approach to the future of Britain’s economy. We would need to look at a different strategy, and frankly we would need to have a new Budget that set out a different strategy for the future.