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A8 WORLD NEWS
Monday 29 october 2018

Treasury chief says UK faces new strategy in no-deal Brexit

By DANICA KIRKA ferent strategy and, frankly, ics say will leave the most
Associated Press we’d need to have a new vulnerable worse off.
LONDON (AP) — Britain’s budget that set out a differ- Hammond may get some
Treasury chief warned Sun- ent strategy for the future.” help in meeting the de-
day that plans to end eight Government workers and mands from an unexpect-
years of austerity could be the public are agitating ed increase in tax revenue.
sidetracked by a “no-deal” for the government to The independent Office
Brexit as he prepared to end years of austerity that of Budget Responsibil-
release his latest spending have slashed funding for ity on Monday will slash its
plan to the House of Com- everything from defense forecast for government
mons. and law enforcement to borrowing, reducing the
On the eve of his budget schools and transportation deficit by about 13 billion
speech Monday, Philip as May and her predeces- pounds ($16.9 billion) dur-
Hammond pledged that sor sought to close the bud- ing the current fiscal year,
the end was in sight for the get deficit. the Financial Times report-
budget cuts implemented Teachers recently marched ed last week.
by a series of Conservative- through central London to The revision is likely to help
led governments after the call for increased funding, Hammond deliver on a
global financial crisis, reiter- as police warn that they government pledge to
ating a commitment made In this Wednesday, March 21, 2018 file photo, Britain’s Chancellor don’t have the resources increase funding for the
by Prime Minister Theresa Philip Hammond leaves 11 Downing Street to attend the weekly to combat rising crime and National Health Service by
May earlier this month. But session of Prime Ministers Questions in Parliament in London. the military shrinks. Amid 20 billion pounds a year
Hammond cautioned that Associated Press the demands for money, by 2023 without raising
the government’s plans European Union. different approach to the the government is push- taxes. Ahead of the bud-
could be thrown off track if “If we were to find our- future of Britain’s econo- ing ahead with plans to roll get, the government has
Britain fails to secure a deal selves in that situation, then my,” he told Sky News. “We out a new comprehensive announced a 1.5-billion-
that protects trade with the we would need to take a would need to look at a dif- welfare program that crit- pound package to help
small retailers and a 30-bil-
Greek, Italian presidents attend WWII commemoration parade lion-pound investment in
the transport network.
But Hammond said further
By COSTAS KANTOURIS want to destroy Europe,” details on which programs
DEMETRIS NELLAS Pavlopoulos said. “(We would get more money
Associated Press are) determined never to would have to wait un-
THESSALONIKI, Greece (AP) let the revival of the night- til next year — after Brexit
— Italian President Sergio mares that led to World talks are completed. If the
Mattarella on Sunday at- War II happen again.” negotiations collapse, a
tended Greece’s annual Greek police on Sunday no-deal scenario would
military parade commem- kept at bay a small crowd represent a “very big tran-
orating Greece’s entry into of protesters who wanted sition” in the way the econ-
World War II — against Italy. to march and protest the omy operates.
Mattarella appeared at name change deal signed “If our businesses are no
the parade in Thessaloniki, by Greece and Mace- longer able to trade with
northern Greece, at the in- donia in July resolving a European Union neigh-
vitation of Greek President long-standing dispute over bors, if their supply chains
Prokopis Pavlopoulos, who Macedonia’s name. are cut off, they will have
later hailed his counter- Some reservist units taking Evzones of Greek presidential guard parade through the streets to find different markets
part’s presence. part in the parade shout- of the northern port city of Thessaloniki, Greece during a military and different ways of do-
“We are leaving behind ed “Macedonia is Greek!” parade, Sunday, Oct. 28, 2018. ing business,” he told the
what divided us. We are while marching past the Associated Press BBC. “The economy will
determined to defend Eu- VIP stand. Defense Minis- the left-wing Syriza party in ment about the parade change. It will have to re-
rope from ... the forces ter Panos Kammenos, the government, has opposed after Pavlopoulos, some- structure itself over a peri-
of populism and racism, leader of a small right-wing the Macedonia deal. While one shouted “Resign! Save od of time and that will be
bordering on Nazism, that populist party allied with he was making a state- (Greek) Macedonia!” q a fairly major transition.”q