Budget 2018: Chancellor warns of emergency Budget in 'no-deal Brexit' scenario

Speaking in the House of Commons on 29 October, the chancellor of the Exchequer said if the UK left the EU without a deal he would be willing to upgrate the spring Statement into a "full fiscal event" if need be. In an interview with Sky's Sophy Ridge on Sunday, Hammond had said the proposals being announced on Monday were based on the assumption there would be a Brexit deal - and, if that turned out to be wrong, there would have to be an emergency Budget. Earlier this morning, however, the Mirror's live Budget blog reported number 10 issued a statement contradicting Hammond's claims,...