"I'm clear that we will have the fiscal capacity to support the British economy if we were unfortunately to find ourselves in a no-deal situation," he told Sky News.However, Hammond said the doubts about the future had already hit the economy and the next few weeks would be crucial in securing an agreement with the EU. "The mood is undoubtedly that people want to do a deal with the UK. People want to minimise the disruption of the UK's departure from the European Union, they want to continue having a relationship with us and smooth trading partnership in the future," he told BBC TV. "Clearly there has been a hit to the economy through the uncertainty the Brexit process has caused. Many businesses are sitting on their hands frankly waiting to see what the outcome of this negotiation is before confirming their investment plans.

Source: thestar October 01, 2018 09:01 UTC