Brexit has brought UK economy under 'cloud of uncertainty': Philip Hammond

The cloud of uncertainty is a temporary damper and we need to remove it: Hammond

Philip Hammond
British Foreign Secretary Philip Hammond
Reuters London
Last Updated : Oct 11 2017 | 3:20 PM IST

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.

"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.

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First Published: Oct 11 2017 | 3:20 PM IST

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