Brexit uncertainty is hurting UK economy: Hammond
Britain's Chancellor of the Exchequer Philip Hammond leaves Downing Street in London, September 11, 2018. REUTERS/Toby Melville
LONDON (Reuters) - Uncertainty over the outcome of Brexit talks is hurting Britain's economy, finance minister Philip Hammond said on Wednesday in a BBC interview to mark the 10th anniversary of the global financial crisis.
Ten years on from the collapse of U.S. bank Lehman Brothers, Hammond said there was "light at the end of the tunnel" for British households but that Brexit talks were currently "acting as a dampener on the economy".
"The potential of a no-deal exit, with high disruption as a consequence, is clearly a risk to the financial system," he added.
(Reporting by David Milliken, editing by Andy Bruce)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Exclusive-Pentagon temporarily rescinding guidance on testosterone screening for US troops, official says
- Only democratic government can provide stability for oil investors, Venezuelan opposition leader says
- GoodRx offers health subscription for families, to launch as employee benefit in 2027
Create E-mail Alert Related Categories
ReutersRelated Entities
Lehman BrothersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share