October 1, 2018 / 6:42 AM / a year ago

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

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

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.

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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