Britain's Chancellor of the Exchequer, Philip Hammond, leaves Downing Street in central London. (Photo | Reuters) 
Business

UK's economy under a cloud of Brexit uncertainty: British Finance Minister

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.

From our online archive

LONDON: 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.

Trump dispatches Witkoff and Kushner to Pakistan for new talks with Iran's foreign minister

Seven AAP Rajya Sabha MPs join BJP, raising concerns over party’s stability in Punjab

The narratives playing in poll battlegrounds

Several AAP MLAs likely to quit in coming days, claims Congress, SAD

Opposition moves fresh notice in RS to remove CEC Gyanesh Kumar; flags inaction over PM Modi's alleged MCC violation

SCROLL FOR NEXT