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Theresa May has said that leaving the EU without a deal will not be the “end of the world” as she appeared to dismiss the Chancellor’s dire warnings about a no-deal Brexit.

The Prime Minister refused on two occasions to endorse Philip Hammond’s claims that a no-deal Brexit would lead to billions in additional borrowing and a slowing of economic growth by up to 10 per cent over the next 15 years.

Mr Hammond made the remarks in a letter to the Commons Treasury committee last week, just hours after Dominic Raab, the Brexit Secretary, sought to play down fear-mongering over a no-deal scenario.

His intervention is believed to have incensed aides close to Mrs May, while also threatening to reignite...

Theresa May has said that leaving the EU without a deal will not be the “end of the world” as she appeared to dismiss the Chancellor’s dire warnings about a no-deal Brexit.

The Prime Minister refused on two occasions to endorse Philip Hammond’s claims that a no-deal Brexit would lead to billions in additional borrowing and a slowing of economic growth by up to 10 per cent over the next 15 years.

Mr Hammond made the remarks in a letter to the Commons Treasury committee last week, just hours after Dominic Raab, the Brexit Secretary, sought to play down fear-mongering over a no-deal scenario.

His intervention is believed to have incensed aides close to Mrs May, while also threatening to reignite...

Theresa May has said that leaving the EU without a deal will not be the “end of the world” as she appeared to dismiss the Chancellor’s dire warnings about a no-deal Brexit.

The Prime Minister refused on two occasions to endorse Philip Hammond’s claims that a no-deal Brexit would lead to billions in additional borrowing and a slowing of economic growth by up to 10 per cent over the next 15 years.

Mr Hammond made the remarks in a letter to the Commons Treasury committee last week, just hours after Dominic Raab, the Brexit Secretary, sought to play down fear-mongering over a no-deal scenario.

His intervention is believed to have incensed aides close to Mrs May, while also threatening to reignite...

Theresa May has said that leaving the EU without a deal will not be the “end of the world” as she appeared to dismiss the Chancellor’s dire warnings about a no-deal Brexit.

The Prime Minister refused on two occasions to endorse Philip Hammond’s claims that a no-deal Brexit would lead to billions in additional borrowing and a slowing of economic growth by up to 10 per cent over the next 15 years.

Mr Hammond made the remarks in a letter to the Commons Treasury committee last week, just hours after Dominic Raab, the Brexit Secretary, sought to play down fear-mongering over a no-deal scenario.

His intervention is believed to have incensed aides close to Mrs May, while also threatening to reignite...