Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Hammond says government looking at range of Brexit outcomes

Published 04/04/2017, 16:07
Updated 04/04/2017, 16:20
© Reuters. Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street, London

LONDON (Reuters) - Chancellor of the Exchequer Philip Hammond said on Tuesday that the government was looking at a range of potential outcomes for forthcoming Brexit talks, but declined to say if his department had conducted a detailed economic analysis.

Earlier on Tuesday a parliamentary committee said the government should justify Prime Minister Theresa May's view that "no deal is better than a bad deal" by offering an economic impact assessment.

Pressed on whether the finance ministry had its own analysis, Hammond said it was looking at the different potential outcomes around Brexit "all the time".

But he declined to say if this included an in-depth analysis.

© Reuters. Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street, London

"When you go into a negotiating room, it really isn't helpful to have outlined in detail the different potential outcome scenarios," he told Sky News during a trip to India.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.