Britain’s budget gearing for Brexit



Finance minister Philip Hammond said Sunday he would keep chopping away at the deficit to get Britain fit to face Brexit, as he prepares to deliver his budget on Wednesday.
Hammond insisted it would be “reckless” to go on a spending splurge, as Britain needed to build up its economic resilience as it gets ready to leave the European Union. Prime Minister Theresa May is due to start two years of divorce negotiations with Brussels by the end of the month.
“As we prepare to start our negotiations to leave the European Union and plan how we will make the most of the opportunities that lie ahead, my budget on Wednesday will set out the next steps to creating a stronger, fairer and better Britain,” Hammond wrote in The Sunday Times newspaper.—AFP