Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Very difficult for PM May's successor to pursue a no deal exit - Hammond

Published 26/05/2019, 11:30
Updated 26/05/2019, 11:35
© Reuters. Philip Hammond MP, Chancellor of the Exchequer appears on BBC TV's The Andrew Marr Show in London

© Reuters. Philip Hammond MP, Chancellor of the Exchequer appears on BBC TV's The Andrew Marr Show in London

LONDON (Reuters) - Chancellor Philip Hammond said on Sunday it would be very difficult for Prime Minister Theresa May's successor to bypass the will of parliament and seek to take Britain out of the European Union without a deal.

Several of the candidates vying to take over from May have said Britain must leave on Oct. 31, without or without a deal. Parliament has repeatedly voted against a no-deal Brexit and Hammond said he did not believe Britain was likely to be heading towards leaving without an agreement.

Hammond said parliament would be "vehemently opposed" to a strategy of leaving without a deal.

© Reuters. Philip Hammond MP, Chancellor of the Exchequer appears on BBC TV's The Andrew Marr Show in London

"It would be very difficult for a prime minister who adopted no deal as a policy ... to retain the confidence of the House of Commons," Hammond told BBC TV, adding that he could not personally support a no-deal strategy.

Latest comments

Then hammond should go with all his best of 2 remoaner friends. Otherwise his party are completely ruined!
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.