Article taken from: www.cnbc.com
Brexit UK finance minister reportedly accused of failing to release funding for no-deal Brexit U.K. Cabinet members have accused Philip Hammond, the country’s finance minster, of failing to provide the money needed for a no-deal Brexit, according to The Telegraph. Published 4 Mins Ago Christopher Furlong | Gety Images News | Getty Images Philip Hammond, U.K. chancellor of the exchequer.
U.K. Finance Minister Philip Hammond has been accused by his colleagues in the cabinet of failing to release the necessary funding required to prepare Britain for a no-deal Brexit , the Telegraph newspaper reported late on Sunday .
British Communities Secretary James Brokenshire has written to the Treasury saying his department was given 35 million pounds ($44.46 million) for helping councils prepare for Brexit, the amount being less than half of what had been requested, the newspaper reported.
At least another department had made a similar complaint about Hammond’s failure to release more money, the newspaper reported without mentioning further details.
Brokenshire said his department does not have enough to prepare for Brexit whether Britain leaves the European Union with or without a deal, the report added, citing the British Communities Secretary’s letter to the Treasury sent shortly before Christmas.