Chancellor Philip Hammond: No-deal Brexit could break up the UK

The chancellor is to challenge the remaining Tory leadership contenders to lay out their “Plan B” if their Brexit proposals falter when one of them becomes prime minister.

Philip Hammond will also hint a second referendum could be needed to break the current deadlock over the UK’s departure from the EU, scheduled for 31 October.

In a speech in the City of London, Mr Hammond, who has not declared who he is backing, will claim a no-deal Brexit could hit the public finances, risk the break-up of the UK and damage the economy…
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