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07.02.2019 23:30

UK draws up secret “Project After” to boost economy after no-deal Brexit, - FT

According to FT, a secret group in the UK government is drawing up plans to kick-start the British economy in case of a no-deal Brexit, through options that range from reducing taxes and boosting investment to cutting tariffs.

The plan, dubbed “Project After” by some ministers, is being marshalled by Sir Mark Sedwill, who as cabinet secretary is head of the civil service. It has brought together senior figures from the Cabinet Office, the Treasury, the business department and the international trade department, in close contact with the Bank of England (BoE).

Although the project has been mentioned at cabinet meetings in recent weeks, its existence has not been made public. “It’s basically a Doomsday list of economic levers we could pull if the economy is about to tank,” told FT one Whitehall figure. “Sedwill has been working on it since the summer.



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