BIRMINGHAM, England (Reuters) - British finance minister Philip Hammond said the European Union was in the mood to do divorce deal, though he said uncertainty over Brexit had already hit the United Kingdom's economy.
"The mood is undoubtedly that people want to do a deal with the UK," Hammond told the BBC on Monday. "Clearly there has been a hit to the economy through the uncertainty that the Brexit process has caused."
"Many businesses are sitting on their hands frankly waiting to see what the out turn of this negotiation is before confirming their investment plans," he said. "I believe when the prime minister lands this deal and brings it back there will actually be a boost to the economy."
(Writing by Guy Faulconbridge; editing by Michael Holden)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app