Britain will have a $35.2 billion war chest to buffer any potential damage from exiting EU
By law, Britain will leave the EU on March 29, with or without a deal, unless it cancels Brexit or secures a delay.
With the Brexit deadline approaching on March 29 and no deal reached over the UK's departure, the government is stepping up economic contingency plans. Its report assessed Finance Minister Philip Hammond's latest economic report to parliament, which he delivered earlier Wednesday. Britain's Prime Minister Theresa May reacts in parliament following the vote on Brexit in London, Britain, March 13, 2019. "This is up from £15.4 billion [$20.44 billion] in October, as the fiscal costs of the temporary near-term cyclical weakness of the economy have been swamped by the fiscal gains from higher income tax and lower debt interest spending."
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