Britain does not need an emergency budget

Thursday, 14/07/2016 | 07:25 GMT-0

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Britain's Chancellor stated that the nation does not need to spend or create an emergency budget for handling the Brexit at the current state of affairs, but, instead, it would be wiser to monitor the situation over the summer and reconsider any targets later on.

Britain's Chancellor disagreeing on emergency budget

Hammond is now responsible to run the ministry of finance, having moved from the foreign office, amid Theresa May's appointment as Britain's Prime Minister.

Furthermore, the Bank of England aims to support and boost the economy. The Bank will likely cut rates and revive its bond purchasing scheme, shoring up the economy following the global crisis.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/britain-does-not-need-an-emergency-budget

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