UK Markets open in 6 hrs 28 mins

Economy faces severe damage without orderly Brexit - Hammond

Britain's Chancellor of the Exchequer, Philip Hammond arrives in Downing Street, London, Britain, December 4, 2018. REUTERS/Henry Nicholls

LONDON (Reuters) - Britain's economy will suffer severe damage if it leaves the European Union without a Brexit deal, the Chancellor of the Exchequer Philip Hammond said on Friday.

"There will be very significant disruption in the short term and a very significant hit to our economy in the medium to long term," Hammond told BBC radio.

"So our job is deliver the British people what they believe they were promised in that referendum. To make sure we respect the decision of the referendum but do it in a way that gives them the future prosperity they were promised."



(Reporting By Kate Holton and Andrew MacAskill, editing by Andy Bruce)