UK’s Hammond: Brexit uncertainty comes at time of global uncertainty

The UK’s Chancellor of the Exchequer Philip Hammond is on the wires now, via BBC TV, commenting on the Brexit process, which is expected to kick-off by March-end 2017.

Key Quotes:

Brexit uncertainty comes at time of global uncertainty

Must expect turbulence for a couple of years

Cannot send signal that UK is abandoning fiscal discipline

Entering Brexit process in extremely strong economic position

Data for first half of year shows the British economy running at 8 out of 10