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Great Britain

Philip Hammond sparks uproar from Brexiteers in rant over the consequences of a No Deal Brexit

THE CHANCELLOR sparked fresh uproar from Brexiteers over No Deal yesterday by saying he hadn’t come into politics to “make the economy smaller”.

Speaking in the Commons, Philip Hammond said there would “clearly” be short-term disruption from a cliff edge exit.

But he added: “More importantly, all the analysis that the Government has done and published … shows that there will be a longer term effect, which means that our economy will be smaller than it otherwise would have been.

“And I didn’t come into politics in order to make our economy smaller, I came into politics to make our economy bigger and make our people better off.”

One furious senior Tory last night stormed: “The Government need to be honest with the public.

“They said ‘Brexit means Brexit’ and spent £4 billion of taxpayers’ money on preparations. Now they turn round and make statements like this?”

Another said: “So much for collective Cabinet responsibility.

“This is supposed to be our focus and he goes and talks about ‘hijacking’?”

Irish quit fear

By Nick Gutteridge in Brussels

DUBLIN urged firms to step up No Deal preparations yesterday - amid warnings a cliff edge exit will plunge the Republic into a recession.

The Paris-based OECD said a No Deal posed a huge threat to the Irish economy.

“Uncertainties to the outlook are significant,” it said.

“The most immediate one is a disorderly conclusion of Brexit negotiations, which could plunge the Irish economy into a recession.”

PM Leo Varadkar warned companies they must do more to brace for the chaos of a crash out on October 31.

Speaking in the Irish parliament, he said said too many firms were gambling that “it’ll be alright on the night” if a deal can’t be reached.

He added: “And it may well be alright on the night but we cannot assume that.”

Mr Varadkar is due to hold his first ever meeting with Jeremy Corbyn within the next 10 days following the collapse of the cross-party talks.

Deputy PM Simon Coveney warned that the risk of a No Deal had never been greater.

In a memo presented to ministers he blasted the UK for failing to come up with any solution to the current impasse.

He added that in response all staff working on No Deal preparations are being made to stay on in their current roles over the summer.

Chancellor Philip Hammond says a full-blown US-China trade war would be 'very dangerous' for growth as Donald Trump hikes tariffs on Chinese products

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