The negotiations on the withdrawal from the European Union harm the British economy, and form above the “cloud of uncertainty”, said Wednesday the Minister of Finance of great Britain in Parliament.
Philip Hammond said that Britain is “fundamentally stable”, and now there are “some very positive things, along with strong prospects for the future.” But he added that “a cloud of uncertainty over ongoing negotiations acts as a temporary buffer”.
Team talks are currently involved in the fifth round of negotiations, but in six months they haven’t made sufficient progress on three key issues account for the exit of the rights of citizens and the Irish border. The apparent lack of agreement delays the negotiations, which, according to forecasts, had to go to trade this month. Delay increases uncertainty for businesses and citizens, who can not fully prepare for Bracito. It also raises questions about whether there had been ever Britain and the EU agreement.
According to media reports, the British government is preparing for the scenario of “no transactions”, but Hammond told lawmakers that now is not the time to consider such contingency plans.
“I don’t think we need to do potentially unnecessary costs, while we do not need,” he said.
However, Hammond added that 250 million pounds has already been transferred to several departments to prepare for the scenario “hard Brekzita”, which would mean a lack of access to the single EU market area where goods and people can move freely.
Information-analytical Department Forex club