Brexit uncertainty is jeopardising public finances, watchdog warns

Economy is facing significant risks which could be exacerbated by unexpected developments, says National Audit Office report

Philip Hammond, the chancellor, has been warned by Whitehall’s spending watchdog that continuing uncertainty over Brexit could jeopardise the public finances.

In a report released on Tuesday, the National Audit Office (NAO) says high levels of government borrowing since the financial crash meant there are already significant risks to the UK’s finances.

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