UK’s Hammond: Fiscal firepower needed to plug hole a No Deal Brexit will make in public finances

The UK Finance Minister Phillip Hammond was on the wires last minutes, via Twitter, commenting on the potential fiscal issues that could be faced should there be a no deal Brexit.

Hammond tweeted: “The “fiscal firepower” we have built up in case of a No-Deal Brexit will only be available for extra spending if we leave with an orderly transition. If not, it will all be needed to plug the hole a No Deal Brexit will make in the public finances.”