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Brexit deal needed for end to austerity in UK: Hammond

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Reuters LONDON
Last Updated : Oct 28 2018 | 3:05 PM IST

LONDON (Reuters) - British finance minister Philip Hammond said an end to austerity depended on the country getting a Brexit deal which would allow for more public spending, but he might have to take a different approach if there is no deal.

"If we don't get a deal ... we would need to take a different approach to the future of Britain's economy," Hammond said in an interview with Sky News broadcast on Sunday.

"We would need to look at a different strategy and frankly we'd need to have a new budget that set out a different strategy for the future."

Hammond has angered many Conservative Party lawmakers who accuse him of wanting to remain too close to the EU after Brexit.

(Writing by William Schomberg; Editing by Paul Sandle)

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First Published: Oct 28 2018 | 3:00 PM IST

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