SAJID JAVID is set to splash an extra £1billion preparing for No Deal — ahead of an emergency Brexit Budget in October.
Sources claimed the Chancellor will unveil the additional cash in the coming days.
Chancellor Sajid Javid revealed he is set to splash an extra £1billion to prepare for No Deal Brexit[/caption]
Aides have separately earmarked the week beginning October 7 for an emergency Budget in case Britain needs to take decisive action on the public finances — and tax — to prepare to leave without an EU agreement.
Treasury chief secretary Rishi Sunak said: “We are turbo-charging preparations for No Deal and that is now the Government’s No1 priority. What you’re seeing now is a real step-up in activity.”
Downing Street announced the first meeting of a new, daily “War Cabinet” will take place tomorrow under Michael Gove — the cross-government Minister responsible for No Deal.
And PM Boris Johnson will chair a new Exit, Economy and Trade Committee focusing on trade relationships.
The Sun on Saturday revealed new Chancellor Mr Javid had told Cabinet colleagues he was turning on the taps for No Deal after accusations predecessor Philip Hammond dragged his heels on releasing money.
Writing in the Sunday Telegraph, Mr Javid said the Treasury had “new priorities” and would “play its full part” in helping deliver Brexit.
Philip Hammond lines up Rory Stewart to lead fight against No Deal
FORMER Tory leadership contender Rory Stewart has been lined up by Philip Hammond to lead the fight against No Deal.
Ex-Chancellor Mr Hammond is rumoured to be drumming up support for the campaign to block a cliff-edge exit.
One insider told The Observer: “Philip is talking to people and there will be no shortage of support from donors.
“But he’s convinced that Rory has the most cut-through with voters.”
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Mr Gove stepped up pressure on the EU by saying there was now a “very real prospect” of such an outcome.
And Dominic Cummings, the PM’s most senior aide, told advisers he had been tasked with delivering Brexit “by any means” necessary.
France’s ex Europe Minister Nathalie Loiseau insisted the EU would never change the Withdrawal Agreement.
UK's biggest business group demands EU steps up No Deal preparation
BRITAIN’S biggest business group will today demand the EU steps up its No Deal preparation — saying it is “lagging behind” the UK.
In a marked change of tone, the CBI will also urge Brussels to “come to the table and commit” to measures which could mitigate the worse effects.
Deputy director general Josh Hardie said: “Failure to do so will hurt all our economies.”
The CBI has been adamant in its opposition to a No Deal and been accused of siding with Europe for much of the past three years.
But while sticking by its plea for a managed Brexit, it issued 200 recommendations to help accelerate No Deal planning for the UK, EU and companies.
And Mr Hardie said: “All parties need to raise their game.”
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