Philip Hammond says he 'greatly fears' impact of no-deal Brexit – video

The chancellor has said he fears the cost of a no-deal Brexit to the British economy. Speaking at the G7 in France, Hammond said that a report published by the Office for Budget Responsibility showed that even the most benign version of no deal 'would be a very significant hit to the UK economy'. The OBR revealed that it would plunge Britain into a recession

• No-deal Brexit would plunge Britain into a recession, says OBR