Chancellor Philip Hammond has said a no-deal Brexit would cause “significant disruption” for the UK in the short term.
He fears the economy would take a “significant hit” and the impact of a no-deal is “not what people voted for.”
"We have to find common ground and we have to compromise" – @EdConwaySky says this is the "firmest" Philip Hammond has been about the risks to the economy because of Brexit.
— Sky News Politics (@SkyNewsPolitics) January 25, 2019
MPs will be voting on Tuesday on a range of proposed options, including delaying Brexit if Parliament fails to agree on a deal by 26th February.
Prime Minister Theresa May is hoping to tweak her withdrawal agreement so that the UK can still leave the EU on 29th March, and begin negotiating a comprehensive free trade deal.
The chancellor said the government did need to respect the decision to leave as voted by 51.9% of Brits, but “people did not vote to be worse off, they voted to be better off.”