Hammond says EU is in the mood for a Brexit deal

Published: October 1, 2018
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Chancellor of the Exchequer Philip Hammond, leaves 11 Downing Street in London, March 14, 2018. PHOTO: REUTERS

Chancellor of the Exchequer Philip Hammond, leaves 11 Downing Street in London, March 14, 2018. PHOTO: REUTERS

BIRMINGHAM, ENGLAND: Chancellor of the Exchequer Philip Hammond said the European Union was in the mood to do divorce deal, though he said uncertainty over Brexit had already hit the United Kingdom’s economy.

UK economy will shrink without Brexit deal: IMF

“The mood is undoubtedly that people want to do a deal with the UK,” Hammond told the BBC on Monday. “Clearly there has been a hit to the economy through the uncertainty that the Brexit process has caused.”

PM May says Britain will not compromise over Brexit plan

“Many businesses are sitting on their hands frankly waiting to see what the out turn of this negotiation is before confirming their investment plans,” he said. “I believe when the prime minister lands this deal and brings it back there will actually be a boost to the economy.”

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