Johnson Doubles U.K.’s Spending on No-Deal Brexit Preparation
- Government allocates extra $2.6 billion to prepare for no-deal
- Premier has pledged to leave EU Oct. 31 with or without deal
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The U.K. government doubled spending on no-deal Brexit preparation in the latest sign new Prime Minister Boris Johnson is serious about leaving the European Union -- with or without a divorce deal -- on Oct. 31.
Chancellor of the Exchequer Sajid Javid set aside 2.1 billion pounds ($2.5 billion) of new cash, including an immediate 1.1 billion pounds to improve border and customs infrastructure and ensure access to critical medical supplies, the Treasury said in an emailed statement Wednesday. The remainder will be made available to government departments if needed.