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Economics

U.K. Chancellor Pledges More Money to Ease Path to No-Deal Brexit

  • Chancellor says no deal is better than not leaving EU at all
  • Business secretary also joins in coordinated media campaign
Sajid Javid

Sajid Javid

Photographer: Chris J. Ratcliffe/Bloomberg

U.K. Chancellor of the Exchequer Sajid Javid is planning a no-deal Brexit “guarantee” worth 16.6 billion pounds ($20.4 billion) and said leaving the European Union without an agreement is better than staying in the bloc.

In an interview with the Daily Mail, Javid said the money -- including 4.3 billion pounds for the coming year if Britain departs without a deal on the Oct. 31 deadline -- would offset EU money normally earmarked for businesses, universities and charities.