Theresa May govt sets aside extra 3 billion pounds for Brexit

The UK government today announced that it is setting aside an extra 3 billion pounds over the next two years in preparation for Britain's exit from the European Union (EU) after last year's referendum in favour of Brexit.

In his much-anticipated Budget speech, UK Chancellor Philip Hammond was cheered in the House of Commons as he announced that the government will stand ready to allocate further sums in preparation for "every possible outcome" in the tough Brexit negotiations with Brussels.

"While we work to achieve this deep and special partnership [with the EU] we are determined to make sure the country is prepared for every possible outcome," Hammond said.

"We have already invested almost 700 million pounds in Brexit preparations and today I am setting aside over the next two years another 3 billion pounds and I stand ready to allocate further sums if and when needed. No one should doubt our resolve," he said.

The finance minister designed his Budget as a vision for a "Global Britain" after Brexit, which will have a "prosperous and inclusive economy where everybody has the opportunity to shine wherever in the UK they live, whatever their background".
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