Chancellor of the Exchequer Confirms Additional £2.1 Billion for No-Deal Brexit

Sajid Javid, the Chancellor of the Exchequer, has confirmed that £2.1 billion of additional funding will be made available to help with the preparations for a no-deal Brexit. The money will consist of £1.1 billion immediately to deal with critical areas relating to the UK’s departure from the EU, with a further £1 billion earmarked to enhance operational preparedness at the time of departure.

Javid said in a statement:

“With 92 days until the UK leaves the European Union it’s vital that we intensify our planning to ensure we are ready. We want to get a good deal that abolishes the anti-democratic backstop. But if we can’t get a good deal, we’ll have to leave without one. This additional £2.1 billion will ensure we are ready to leave on 31 October – deal or no deal.”

John McDonnell, the Shadow Chancellor of the Exchequer, said in a statement:

“This is an appalling waste of taxpayers’ cash, all for the sake of Boris Johnson’s drive towards a totally avoidable No Deal. This government could have ruled out No Deal, and spent these billions on our schools, hospitals, and people. “Labour is a party for the whole of the UK, so we’ll do all we can to block a No Deal, crash-out Brexit – and we’ll deliver a transformative economic policy that delivers for the many, not the few.”