The UK chancellor has refused to “buy-in” to plans for a no deal bail out fund despite pleas from the Welsh Secretary.
It has been revealed by the Guardian that several cabinet ministers, including Simon Hart, are lobbying Rishi Sunak, as the prospect of a no deal Brexit looms.
These resilience deal would include support for sheep farmers, fishermen, car manufacturers and chemical suppliers.
Environment Secretary George Eustice, the cabinet office minister Michael Gove and the Scottish Secretary Alister Jack, and Northern Ireland Secretary Brandon Lewis were among the other cabinet ministers reported to be working on the plans for the bail out fund.
The Guardian reported that according to a source within the department, the Treasury was definitively not working on a bailout plan, though another government source said cabinet ministers were lobbying the chancellor.
The UK government has failed to reach an agreement with the EU, and it was reported over the weekend that the chances of a no-deal Brexit had risen to 80 per cent.
Boris Johnson has said he would “go the extra mile” to try to get a deal, after extending the talks, but added that EU remained “very far apart” on a number of issues.
Talks between the UK government and the EU have been extended as they try to resolve issues over tariffs, fisheries and ensuring an economic “level playing field” after Brexit.