German finance chief Scholz: No-deal Brexit will hit UK harder than EU

BERLIN — The U.K. economy will suffer far more than the EU if the two sides don’t agree a trade deal, German Finance Minister Olaf Scholz said Saturday.

Olaf Scholz spoke at a press conference in Berlin after two days of informal talks with his counterparts from around the EU, adding that the bloc is “well prepared” for a cliff edge.

“A hard Brexit would have very harsh consequences on the U.K. economy,” he said. “Not so much on the EU economy after the preparation we have…

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