Article 43VPZ Chancellor says UK will be worse off under all Brexit scenarios

Chancellor says UK will be worse off under all Brexit scenarios

by
Jessica Elgot Political correspondent
from Economics | The Guardian on (#43VPZ)

As vote on Brexit deal looms, Philip Hammond says there is no version of leaving the EU that will increase prosperity

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Philip Hammond has said that the UK will be worse off "in pure economic terms" under all possible Brexit outcomes - including the prime minister's own deal.

Speaking on Wednesday morning, the chancellor gave strong hints the government had begun its contingency planning should it lose the vote in parliament on Theresa May's Brexit deal negotiated with the EU.

Related: Brexit phrasebook: a guide to the talks' key terms

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