UK Chancellor of Exchequer Philip Hammond warned again yesterday that it the Brexit deal is not approved by Parliament, “we will have a political chaotic situation”. And, “we don’t know what the outcome of that will be”.
On extension to the transition period, Hammond emphasized that “it would have to be proportional”. And, ” it certainly wouldn’t be more than that, but it would depend on what we were getting in return.” He added “When we look at the economy and the operation of the economy, getting a smooth exit from the European Union, doing this in an orderly fashion, is worth tens of billions of pounds to our economy.”