Sajid Javid - UK NEWS TODAY

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Finance minister Sajid Javid pledged on Monday to prepare Britain for a no-deal Brexit, saying the “full armoury of economic policy” would be on hand if needed. Speaking at his party’s annual conference in Manchester a month before Britain is due to leave the EU, Javid said he had asked his department to prepare a comprehensive economic response, working with the Bank of England.

Prime Minister Boris Johnson has split parliament, his party and the electorate by promising to deliver Brexit on Oct. 31, with or without a transition agreement – potentially risking food, medicine and fuel shortages.

“I’ve tasked the Treasury with preparing a comprehensive economic response to support the economy, working closely with the Bank of England,” he said. “We’re ready to draw on the full armoury of economic policy if needed.”

“Deal or no deal, we will be ready.”

With an early election widely anticipated, Javid also tried to shift the focus to what he called “the people’s priorities” – issues the party believes matter more to voters in the long run.

He said he wanted to raise incomes over the next five years, promising to “end low pay” by lowering the age at which a higher rate of minimum wages kick in, and increasing the target he wanted that wage to reach in coming years.

The government would set a target to raise the so-called National Living Wage to match two-thirds of median earnings, taking it to 10.50 pounds ($12.93) an hour, based on current forecasts, Javid said, up from 8.21 pounds an hour now.

He estimated the move would benefit 4 million people.

Speaking at his party’s annual conference in Manchester a month before Britain is due to leave the EU, Javid said he had asked his department to prepare a comprehensive economic response, working with the Bank of England.

Prime Minister Boris Johnson has split parliament, his party and the electorate by promising to deliver Brexit on Oct. 31, with or without a transition agreement – potentially risking food, medicine and fuel shortages.

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Subscribe to our daily curated newsletter to receive the latest exclusive Politicoscope coverage delivered to your email inbox.

“I’ve tasked the Treasury with preparing a comprehensive economic response to support the economy, working closely with the Bank of England,” he said. “We’re ready to draw on the full armoury of economic policy if needed.”

“Deal or no deal, we will be ready.”

With an early election widely anticipated, Javid also tried to shift the focus to what he called “the people’s priorities” – issues the party believes matter more to voters in the long run.

He said he wanted to raise incomes over the next five years, promising to “end low pay” by lowering the age at which a higher rate of minimum wages kick in, and increasing the target he wanted that wage to reach in coming years.

The government would set a target to raise the so-called National Living Wage to match two-thirds of median earnings, taking it to 10.50 pounds ($12.93) an hour, based on current forecasts, Javid said, up from 8.21 pounds an hour now.

He estimated the move would benefit 4 million people.

“Of course, every government should observe all laws at all times. We’re taking a careful look at that law, but we are also very clear that our policy has not changed – we will leave on Oct. 31st,” he told the BBC.

One architect of the law, rebel Conservative member of parliament Dominic Grieve, said he thought the law was fit for purpose.

“If there were to be some dodge that the government would try to introduce, I think we could counter it.”

Reuters

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