September 17, 2018 / 9:17 AM / 8 months ago

UK must heed IMF's 'clear warnings' on no-deal Brexit - Hammond

Britain's Chancellor of the Exchequer Philip Hammond leaves Downing Street in London, September 11, 2018. REUTERS/Toby Melville

LONDON (Reuters) - Chancellor of the Exchequer Philip Hammond said on Monday that London had to listen to the “clear warnings” from the International Monetary Fund about the risks of a no-deal Brexit to Britain’s economy.

Hammond, speaking as the IMF said in a report that Britain faced a “significantly worse” economic outlook if it did not reach a Brexit deal, said he was confident an agreement would be reached in the autumn, but a no-deal outcome was not impossible.

Hammond has been criticised by some Brexit supporters who say he wants to maintain a relationship with Brussels that would keep Britain under too much influence from the EU.

Writing by William Schomberg; editing by Michael Holden

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