U.K.'s Hammond Sounds Alarm on No-Deal Brexit

The transcript discusses the challenges and potential consequences of a no-deal Brexit, emphasizing the economic disruptions it could cause. It highlights the government's preparedness plans, including financial system resilience and border mitigations. The text also covers fiscal and monetary policy interventions, noting their temporary nature and the need for careful calibration to avoid inflation. The conclusion stresses that there is no simple solution to avoid the negative impacts of a no-deal Brexit.

What measures have been taken to mitigate the effects of a no deal Brexit?

What does the speaker imply about the availability of simple solutions to avoid the consequences of a no deal Brexit?