Chancellor risks Brexiteer row with £80bn no-deal warning
Chancellor Philip Hammond has risked infuriating Tory Brexiteers by warning of large fiscal consequences of a no-deal Brexit on the same day other ministers sought to reassure the public about such a scenario.
In a letter to fellow Tory MP Nicky Morgan, the chair of the House of Commons' treasury committee, the chancellor repeated the findings of a government analysis of various Brexit outcomes from January.
Mr Hammond highlighted how the document found a no-deal Brexit would see the UK's GDP suffer a hit of up to 10.3%.
He wrote: GDP impacts of this magnitude, were they to arise, would have large fiscal consequences.
The chancellor also pointed to how the analysis estimated government borrowing would be around £80bn a year higher by 2033-34, if the UK were to tra...










