UK Treasury chief issues stiff no-deal Brexit warning

Britain's Treasury chief is urging Conservative Party leadership contenders to be honest with the public and spell out what they would do if their plans for leaving the European Union falter.

Philip Hammond is expected to use his Mansion House showcase speech in the City of London on Thursday to say the candidates should outline what their Plan B might be if Parliament rejects both the Brexit deal negotiated by outgoing Prime Minister
"We cannot allow ourselves to be forced to choose between our democracy and our prosperity," Hammond's excerpts said. "If the new prime minister cannot end the deadlock in Parliament, then he will have to explore other democratic mechanisms to break the impasse."