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UK's economy under a cloud of Brexit uncertainty: Hammond
October 11, 2017 / 9:12 AM / 11 days ago

UK's economy under a cloud of Brexit uncertainty: Hammond

LONDON (Reuters) - British finance minister Philip Hammond said on Wednesday that a “cloud of uncertainty” about Brexit was hanging over the country’s economy and needed to be cleared as quickly as possible.

Britain's Chancellor of the Exchequer Philip Hammond speaks at the Conservative Party's conference in Manchester, Britain October 2, 2017. REUTERS/Hannah McKay

“My general view of our economy is that it is fundamentally robust. We have some very strong things going for us, a strong outlook for the future,” Hammond told lawmakers.

“But the cloud of uncertainty is a temporary damper and we need to remove it as soon as possible by making progress with the (Brexit) negotiation process,” he said.

The International Monetary Fund kept its growth forecasts for Britain on hold on Tuesday even as it raised its projections for growth in many other economies around the world.

Reporting by David Milliken and Andy Bruce; Writing by William Schomberg; Editing by Catherine Evans

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