24/08/2018 (Agence Europe) – On 23 August, Britain's Chancellor of the Exchequer Philip Hammond again rocked the boat by saying in a letter to Conservative MP Nicky Morgan, who is chair of the UK's treasury select committee, that the fall in British GDP in the case of a 'no-deal' Brexit could be between 7.7% and 10.3% over the next 15 years. Hammond referred to an analysis carried out in January, which has already been published, and he repeated the far-reaching budgetary consequences of such a scenario, in which borrowing could increase by around £80 billion per year over the 2023-2034 period. Morgan said that Hammond thus confirmed that the government forecast "a disastrous hit to our economy and living standards in the event of a ‘no-deal’ Brexit". (SP)