Article 41FZY Brexit economy: UK goes it alone just as world faces tough times

Brexit economy: UK goes it alone just as world faces tough times

by
Richard Partington Economics correspondent
from on (#41FZY)

Ahead of probably the UK's last budget as a member of the EU, storm clouds are gathering

Philip Hammond is coming under increasing pressure to raise public spending in the budget on Monday to protect the British economy against Brexit, against a backdrop of mixed economic developments over the past month.

Ahead of what will probably be the last UK budget in more than 40 years of EU membership, stock markets have plunged in the face of a cocktail of geopolitical risks, raising the spectre of Britain going it alone just as the world economy enters a tougher period.

Related: Philip Hammond can't announce an end to austerity. Brexit won't allow it

Related: The Guardian view on the Tories and Brexit: rage against the facts | Editorial

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