MOSCOW (Pakistan Point News / Sputnik - 29th November, 2018) Every Brexit scenario will be detrimental to the United Kingdom "in pure economic terms," UK Chancellor Philip Hammond said on Wednesday.
"Yes, you're right in that analysis. If you look at this purely from an economic point of view, there will be a cost to leaving the European Union because there will be impediments to our trade," Hammond told BBC Radio 4's Today program when asked whether every Brexit scenario will be detrimental to the UK's GDP compared to the current status quo.
The UK Prime Minister Theresa May's Brexit deal "absolutely minimizes those costs and reduces to an absolute minimum the impact of leaving the EU," Hammond added.
The House of Commons of the UK Parliament will hold a final vote on Brexit deal with the European Union on December 11 after the EU leaders approved the withdrawal agreement at a special summit on Sunday.
