October 1, 2018 / 6:42 AM / 22 days ago

UK has fiscal capacity to cope with no-deal Brexit, Hammond says

BIRMINGHAM, England (Reuters) - The United Kingdom has the fiscal capacity to cope with leaving the European Union without having first secured a deal, Chancellor of the Exchequer Philip Hammond said on Monday.

FILE PHOTO: Chancellor of the Exchequer Philip Hammond leaves Downing Street in London, September 11, 2018. REUTERS/Toby Melville

When asked about health spending, Hammond said that voters would have to accept that if they wanted an expanding health service they would have to pay a little more tax.

Writing by Guy Faulconbridge; editing by Michael Holden

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