LONDON (Reuters) – British finance minister Philip Hammond warned contenders in the race to become prime minister that a no-deal Brexit could pull the United Kingdom apart and would deprive Britain’s next leader of the money needed to end austerity.
All four remaining candidates in the Conservative Party leadership contest have said they are prepared to take Britain out of the European Union without a transition deal to smooth the economic shock if necessary.
Hammond - EU - Referendum - Brexit - Risk
Hammond, who supported staying in the EU before the 2016 referendum, said pursuing a no-deal Brexit was fraught with risk and could lead to the opposition Labour Party, under left-wing leader Jeremy Corbyn, taking power.
“I cannot imagine a Conservative and Unionist-led government, actively pursuing a no-deal Brexit, willing to risk the Union and our economic prosperity,” he said in excerpts of a speech he was due to deliver on Thursday.
Election - Jeremy - Corbyn - Downing - Street
“And a general election that could put Jeremy Corbyn in Downing Street, to boot,” he said.
Calls for an independence referendum in Scotland have grown since the Brexit vote, when a majority...
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