Tories bitterly divided on the cost of no-deal Brexit

Establishment Conservatives like Spreadsheet Phil are becoming the resistance

Philip Hammond
Philip Hammond called Jacob Rees-Mogg’s claims ‘terrifying’
(Image credit: Dan Kitwood/Getty Images)

Chancellor Philip Hammond has publicly chastised his fellow Tory Jacob Rees-Mogg for claiming that a no-deal Brexit could boost the economy by around £80bn.

Rees-Mogg, an ally of Boris Johnson and chairman of the European Research Group, claimed there were economic models that showed “the total positive impact of no deal could be in the region of about £80bn”, reports The Guardian.

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.