Philip Hammond is creating a €70bn (£60bn) emergency fund to deal with the anticipated hurdles of Brexit.
In a letter to The Sunday Times, the British Chancellor of the Exchequer said that budgetary policy would remain restraint to maintain a downward trajectory in public borrowing and to allow for fiscal breathing space ahead of Brexit negotiations. In view of ongoing Brexit negotiations, Hammond noted there was a need to keep "reserves in the tank."
Ahead of the Wednesday’s announcement ...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|