Brexiteer business boss hits out at Hammond in FURIOUS Brexit rant – ‘NOT up to the job!’

Mr Elliott cited estimates from the Treasury released last November which claimed leaving the European Union without a Brexit deal could result in a 9.3 percent hit to GDP over the same period. Speaking to, Mr Elliott ridiculed Mr Hammond’s Brexit forecasts and highlighted on the benefits of a no deal exit. He said: “They are either using inaccurate estimates to further their personal preferences to remain in the EU or they believe this is the best they can do as a government which means they’re not up to the job.”

They believe this is the best they can do as a government which means they’re not up to the job

John Elliott

Mr Elliott, the founder of British company Ebac, insisted it is time the Government improves Britain’s global performance as he branded the Government as “totally incompetent”.

The Brexiteer businessman listed five reasons why no deal will be the best option for Britain. He said: “When the UK is a member of the EU it is easier to trade with the EU than the rest of the world and yet we do more trade with the rest of the world.

“When we leave, we can make it easier to trade with the rest of the world which will increase our trade.

“We currently have a trading deficit with the EU. The trade agreement we strike with the EU should be based on having balanced trade with the EU. Thereby having more output in the UK.

“When we leave the EU we can set tariffs with the rest of the world to appropriate levels for the UK economy rather than having the current tariffs which are set to benefit the whole of the EU.

“When we leave the EU we will be free to develop an industrial strategy appropriate to our specific needs.”

In November, Whitehall said the UK will be economically worse off after Brexit.

The figures claimed the withdrawal from the EU under the Government’s plans could cut the UK’s GDP by up to 3.9 percent over the next 15 years, while a no deal Brexit will cause a 9 percent hit on GDP.

The document did not put a cash figure on the potential impact on the economy, but independent experts said that 3.9 percent of GDP would equate to around £100 billion a year by the 2030s, far outweighing the UK’s current contribution to EU budgets.

The 83-page document was drawn up by officials from Whitehall departments including the Treasury, the Department for Exiting the EU, Industry, Environment, International Trade and the Home Office.

Chancellor Philip Hammond claimed the UK would be worse off “in pure economic terms” under all possible Brexit outcomes.

Leaving the EU would inevitably create “impediments to trade” even if a deal was agreed, the Chancellor said.

“What the Prime Minister’s deal does is absolutely minimises those costs, and reduces to an absolute minimum the economic impact of leaving the EU, while delivering the political benefits, in terms of being able to do third-country trade deals, having control of our fishing waters, and the many other issues that will be delivered politically,” Mr Hammond said.

He added: “I’m not trying to scare anybody and I reject the term scaremongering.”

The comments come as Downing Street confirm Prime Minister Theresa May will bring forward legislation in order to put a Brexit deal to Parliament for a fourth time on the week beginning June 3.

The announcement follows on from further crunch Brexit talks between the Prime Minister and Jeremy Corbyn tonight in order to break the Brexit impasse.

Number 10 has stated the cross-party talks between Mrs May and Mr Corbyn were “useful and constructive” but stopped short in confirming if Labour would back the deal or if any changes had been made to the bill agreed with Brussels.

Mrs May’s withdrawal agreement has been defeated by the House of Commons of three occasions and the failure to deliver Brexit has resulted in the UK’s participation in the European Parliament elections on May 23.

The Government is continuing to make preparations for leaving the European Union without a deal, a spokesman for the Prime Minister has confirmed.

The UK had been due to exit the bloc on March 29 with or without a withdrawal agreement, however, Britain and the EU twice agreed an extension to Article 50.

The default position now means the UK will leave the EU before October 31 deadline.

A spokesman for Mrs May said: “No deal planning has never stopped. Britain was prepared for a no deal on March 29 and that work has continued.”

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