Philip Hammond's secret Project Kingfisher bailout fund to kick-start economy ...

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Chancellor Philip Hammond has set up a secret bailout fund in an operation codenamed Project Kingfisher – so the British economy can be jump-started if talks with Brussels collapse, The Mail on Sunday can reveal.

Plans seen by this newspaper disclose the establishment of a short-term fiscal stimulus package designed to prop up the UK’s manufacturing and industrial sectors in the event of a No Deal departure from the EU and the disruption that would follow.

Ministers have been ordered to draw up top-secret lists of specific firms and sectors they believe will most need the cash and submit them on paper to the Treasury to avoid embarrassing leaks.

Last night, Treasury sources confirmed the unlimited Project Kingfisher funding was separate from money previously earmarked for Britain’s No Deal planning.

However, The Mail on Sunday has learnt that officials working on Project

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