No Deal Brexit will mean recession, warns United Kingdom budget watchdog

Theresa May said she was

Tory Eurosceptic Jacob Rees-Mogg poured cold water on the significance of the Commons vote aimed at preventing the new prime minister suspending Parliament.

It is thought the trio will quit in order to deny Mr Johnson the opportunity to sack them after he said all his ministers will have to support no-deal as an option. He added that he did not think it a good idea to continue endlessly extending the UK's membership of the European Union to avoid no-deal, but could not accept the economic damage that would be inflicted on leaving this autumn.

"British nationals will potentially lose access to pension entitlement, lose access to health care entitlement, lose access to welfare entitlement and a whole gamut of other issues", he said.

But Mr Hammond said it would be impossible to renegotiate a deal with Brussels before that deadline.

The OBR said the spending and tax cut promises made by Boris Johnson and Jeremy Hunt, one of whom is due to become prime minister next week, would put a strain on the budget.

The House of Commons passed a motion Thursday that stops the government from suspending Parliament in the weeks before the U.K.'s scheduled October 31 departure date.

Their rights to live, work and study are protected under an agreement struck between the two sides - but the divorce agreement has been rejected by Britain's Parliament, raising the prospect of a no-deal Brexit.

The chancellor was one of four Cabinet ministers who broke ranks with the government to abstain on a vote on Thursday, the result of which prevents Johnson from proroguing, or suspending, parliament in order to push through an exit from the European Union without a deal.

"I very much doubt that any prime minister would in fact suspend Parliament in these circumstances, but I can understand the concerns that a lot of my colleagues have".

"Something that was never going to happen is now slightly harder to do", he told Today.

Either Mr Johnson or Foreign Secretary Mr Hunt will become PM on July 24, the day after the result of the Tory leadership contest is declared.

Most economists say a no-deal Brexit would batter the economy, and a majority of lawmakers opposes leaving without an agreement.

In total, 17 Conservatives voted against the government, despite a three-line whip - essentially the strongest possible insistence from the leadership to toe the party line - indicating both the May administration's lack of authority now and the strength of feeling against "no-deal" on Tory benches. 'He is actually a more complex personality than it sometimes seems, Hammond said of Johnson in his interview.

"Why would we have another extension?"

"And don't forget how it works - at the moment, the United Kingdom leaves legally on October 31, that is the law".

"There is a real sense of anxiety this is causing and we need to address it".

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