Wednesday, 11 October 2017

Flights could be grounded on Bexit warns chancellor

The UK's chancellor Philip Hammond has extended yet another layer of fear and confusion on the Brexit situation after suggesting it is “theoretically conceivable” airlines and flights could be grounded on 29th March 2019 - The Brexit D Day.

Warning that Brexit could cause a wide range of outcomes, Hammond said “One can plan for the most extreme scenario. It is theoretically conceivable that in a no deal scenario there will be no air traffic moving between the UK and EU on the 29th March 2019. But I don’t think anybody seriously believes that that is where we will get to."

The chancellor’s stark warning came on Wednesday morning when he told the Commons Treasury committee he would not spend money planning for Brexit talks to fail until the last minute. He said a “cloud of uncertainty”  was hanging over the UK's economy.  

“Some are urging me to spend money simply to send a message to the EU that we mean business. I think the EU knows that we mean business. They know we are planning for a no deal scenario,” Hammond said. “What I am not proposing to do to is to allocate funds to departments in advance of the need to spend. We should look in each area at the last point in which spending can begin to ensure we are ready on day one for a no deal scenario. That’s when we should start spending hard-earned taxpayers money."

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