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Hammond: Brexit war chest may disappear

<b>Hammond: Brexit war chest may disappear</b>The chancellor will say billions he has set aside may be "soaked up" if the UK leaves the EU without a deal.
In a BBC debate on Tuesday, leadership candidates promised tax cuts and increased spending on public services. However, a no-deal Brexit would mean that was not possible, and would also leave the UK economy "permanently smaller", Mr Hammond will say.


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