Budget 2017: Another £3bn set aside for government’s Brexit preparations
Despite claiming the Budget would be about “much more than Brexit”, the chancellor still had an announcement to make on the biggest political event in a generation.
He set aside a further £3bn to help the government prepare for leaving the European Union, in addition to almost £700m which has already been invested.
And he said he stood “ready to allocated further sums if and when needed”, adding: “No one should doubt our resolve.”
Eurosceptics have put pressure on Mr Hammond to commit money to preparations for a “no deal” scenario to show the UK is serious about Theresa May’s threat to walk away from talks if the offer from Brussels is unacceptable.
The move was criticised by Liberal Democrat leader Sir Vince Cable, who said the money was “disappearing down a Brexit black hole”.
Treasury aides stressed the money was intended to allow the UK to “get ready for all scenarios – deal or no deal”.
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