
Subsequent leaks from within the inner government circle suggest the Chancellor had been forced by the prime minister to unwind the proposal.
Meanwhile Brexit secretary David Davis, who`s leading the U.K.`s negotiations with Brussels, admitted the party had carried out insufficient planning to date for the event of a "no-deal" outcome with the European Union (EU) following Brexit.
Wednesday was a bruising day for prime minister Theresa May`s governing Conservative party as finance minister, Philip Hammond, was forced into a humiliating retreat on a key budget proposal.
Days of dramatic confrontations and inconsistent messaging from the U.K. government have caused many analysts to question whether the country`s leaders are ready to face the looming challenge of Brexit.
During an animated parliamentary questions session, Davis revealed a number of problems that could arise if the U.K. and EU fail to reach an agreement on a post-Brexit economic and social relationship.

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