PressTV-UK PM May downplays impact of no-deal Brexit

British Prime Minister Theresa May declared her support to an assessment that a no-deal Brexit “wouldn’t be the end of the world,” ignoring her finance minister’s warning of significant consequences from such an outcome.

Speaking to reporters during her trip to Africa, May claimed that crashing out of the European Union without a deal “wouldn’t be a walk in the park” but went on to argue that the UK could make an economic success of the unprecedented situation if it proved impossible to negotiate a satisfactory divorce.

Her comments were designed to distance herself from the warnings issued by her finance minister Phillip Hammond after he suggested last week that failure to reach an agreement with the EU would have substantial economic consequences.

Hammond has warned against a no deal Brexit, saying that Britain’s GDP could fall and borrowing would increase by £80 billion a year by 2033-34 if Britain fell out on the terms of the…

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