Brexit ‘brings costs’

THE Chancellor has insisted he does not accept the premise that “Brexit will make us poorer”, but he acknowledged the move came with “costs”.

Jeremy Hunt said he believes the UK can make a “tremendous success” of leaving the EU.

However he stressed this will not happen “automatically”, adding he will set out some of the ways Britain might seize on the benefits in his upcoming budget.

Mr Hunt said it is important to consider the effects of Brexit “in the round”, as the decision brings both “costs” and “opportunities”.