The government has said it will boost the amount of money that people can borrow to cover the costs of leaving the European Union by £10bn, as it tries to ensure that the UK remains financially strong after a Brexit.
The move comes as the Government announced the first ever national budget, with the main funding earmarked for public sector spending, as the UK seeks to negotiate a new trade deal with the EU.
But as part of a wider effort to address concerns about the country’s finances, the Government said it would give £100bn to the public sector to help it deal with Brexit.
The move comes at a time when some people are worried about the impact on the economy and the financial system that could follow the UK leaving the EU, and the government said it wanted to reassure people.
“This will help to ensure we are prepared to deal with a hard Brexit and help ensure that Britain remains a world leader in the digital economy,” the government told the Commons.
Read more The increase in the money the government would give to the private sector comes as Brexit negotiations are taking place, with many commentators warning that the money will be spent on things like new high-speed trains and a new airport in Northern Ireland.
However, it is unlikely that the government will spend the money on anything more than what it already has available, and this is likely to be much more than it has budgeted for.
While the new money will go towards building new trains, the amount will be much smaller than the £30bn it was expected to give to local authorities to fund services.
As part of the Budget, the government also said it was committing to spending £40bn on an infrastructure fund to improve the UK’s roads and railways, but the money is far less than the government had budgeted to spend.
Earlier this month, it was reported that the Government had been given a £10 billion contingency fund to cover any cost of a Brexit trade deal that could potentially be in jeopardy.
This was a huge blow to business and public sector unions, who have argued that such a move would make it difficult for the Government to negotiate the deal that would be required to leave the EU with no deal in place.
Business groups also warned that the budget would put a lot of pressure on the UK economy, and there has been a lot speculation about the economic impact of Brexit.