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UK chancellor: No-deal Brexit 'could be default' position
By EUOBSERVER
The UK chancellor, Philip Hammond, warned on Friday that a no-deal Brexit on 29 March was "a default that we could find ourselves in". With no breakthrough in sight after prime minister Theresa May's deal was voted down by a 230 majority, Hammond told the BBC that "there will be a short-term impact through disruption. There will be a long-term impact through a reduction in the size of our economy".






