September 27, 2019 / 11:56 PM / 8 months ago

UK's Sajid Javid to unveil 16.6 billion pound 'no-deal guarantee': Daily Mail

FILE PHOTO: Britain's Chancellor of the Exchequer Sajid Javid is seen outside Downing Street in London, Britain September 25, 2019. REUTERS/Henry Nicholls

(Reuters) - British finance minister Sajid Javid will unveil a 16.6 billion pound ($20.40 billion) "no-deal guarantee" to make up for a shortfall in European Union grants to British businesses, universities and charities over the next few years, the Daily Mail newspaper reported on Friday.

That amount includes 4.3 billion pounds for the coming year if Britain leaves the EU without a deal in October, the newspaper added.

Reporting by Philip George in Bengaluru; Editing by Sandra Maler

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