By Jack Doyle, Associate Editor For The Daily Mail
Published: 22:30 BST, 19 June 2019 | Updated: 08:04 BST, 20 June 2019
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Philip Hammond will today urge Boris Johnson to keep open the option of a second referendum to break the Brexit deadlock and pledge to 'fight' against No Deal.
In a pessimistic intervention, the Chancellor will warn that the next Prime Minister will not be able to secure a better deal with the European Union and MPs will block any attempt at a No Deal exit.
Mr Hammond will signal his agreement with Rory Stewart, who was eliminated from the leadership contest yesterday, that Mrs May's deal is the best the EU will offer.
As a result, 'other democratic mechanisms' may be needed. Allies said he was suggesting either a general election or second referendum.
Chancellor Philip Hammond (pictured) will urge Boris Johnson to keep the option of a second EU referendum open to break Brexit deadlock
The remarks, due to be made today in his annual Mansion House speech to senior bankers and financiers in the City of London, will make Mr Hammond the most senior Conservative to endorse the idea of a second vote on Brexit – and will enrage hardline Tory Brexiteers.
They will be seen as a suggestion he could help to bring down a Boris led-government if it sought to pursue No Deal, by backing Labour in a confidence vote.
Calling on all the candidates to be 'honest with the public' Mr Hammond will urge them to set out an alternative if their plan A is 'undeliverable'.
He will say: 'If the new Prime Minister cannot end the deadlock in Parliament, then
