No One 'really Knows' Cost Of No-deal Brexit: Minister

Who Is Boris Johnson Aka ‘British Trump’, UK’s New Prime Minister Replacing Theresa May? Newsweek US

Britain's finance minister on Monday,, said he did not think "anyone really knows" what a no-deal Brexit would cost the economy.

Sajid Javid spoke to BBC radio before his keynote speech at the governing Conservative Party's annual conference in Manchester.

Chancellor of the Exchequer Javid said he was not sure how much a no-deal Brexit would cost, telling the BBC: "I don't think anyone really knows a full proper answer to that question."

Prime Minister Boris Johnson insists that Britain will leave the European Union at the end of October with or without a deal.

Javid declared Monday that a no-deal Brexit "is not our preferred outcome".

He added: "We are working incredibly hard to get a deal by October 31. I absolutely believe that can still happen. It can still be done.

"But if we do not manage to do that, we do still need to leave the EU on that date. We cannot have any more dither and delay -- and we will leave, if we have to, without a deal on October 31."

Javid will later confirm plans for extra government investment in roads, buses and broadband internet.

"The full benefits of our infrastructure revolution may not be felt for some time. But the work must start here and now," he will tell delegates, according to an advance copy of his speech.

Copyright AFP. All rights reserved.

RECENT NEWS

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

Gyrostat May Market Outlook: When The Cost Of Protection Falls - Signals For Portfolio Positioning

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direction. It... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more

Brevan Howards Crypto Fund 30 Per Cent Slide

Brevan Howard’s flagship crypto strategy suffered its worst year since launch in 2025, underscoring how exposed even t... Read more

Gyrostat February Outlook: Stewardship As Risk Reprices

This monthly outlook examines how financial markets are pricing risk, rather than attempting to forecast ... Read more

Blackrock Sees EMEA Moving Into Private Assets

BlackRock has warned that investors across Europe, the Middle East and Africa are reshaping portfolios in response to wh... Read more