LONDON (Reuters) – Prime Minister Theresa May has mentioned that failing to safe a take care of the European Union earlier than Britain leaves the bloc subsequent yr “wouldn’t be the end of the world”, Sky News reported on Tuesday.
Britain’s Prime Minister Theresa May is greeted by faculty kids waving flags throughout a go to to the ID Mkhize Secondary School in Gugulethu close to Cape Town, South Africa, August 28, 2018. Rodger Bosh/Pool by way of REUTERS
May’s remark, made to reporters as she headed to Africa to spice up Britain’s commerce ties forward of Brexit in March 2019, got here after her Chancellor Philip Hammond mentioned final week no-deal departure from the EU would injury public funds.
Ahead of her arrival in South Africa, May mentioned the forecasts cited by Hammond have been outdated.
“I think when they came out I was very clear on a previous trip that those figures were a work in progress at that particular time,” she mentioned in keeping with Sky.
She repeated feedback from the pinnacle of the World Trade Organisation (WTO) that Britain leaving the EU with no deal “would not be a walk in the park” however that “it would not be the end of the world”, Sky mentioned.
Hammond was criticised by some lawmakers in May’s deeply divided Conservative Party for saying final week — on the day the government printed contingency plans for a no-deal Brexit — that such a situation may imply borrowing can be about 80 billion kilos a yr greater in 15 years’ time because the financial system grew extra slowly.
May is hoping to a agree “business-friendly” take care of the bloc on the important thing challenge of commerce which has break up her social gathering between these who desire a definitive break from the EU, and people, like Hammond, who need to hold shut ties.
However, in her feedback to reporters on her option to Africa, May repeated her warning no-deal Brexit was higher than leaving with a nasty deal.
“I think it’s absolutely that the government is preparing for no deal because we don’t know what the outcome is going to be,” she mentioned.
Reporting by Michael Holden; Editing by William Schomberg