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<p>This Government would prefer to leave with a deal and will work in an energetic
and determined way to get that better deal.</p><p> </p><p>But the Treasury stands
ready to provide funding to prepare for leaving without a deal. That is why the Chancellor
and I have made over £2bn available for no deal preparations this year (2019-20) since
taking office. All parts of the UK have benefitted from this funding, with the Barnett
formula being applied in the usual way.</p><p> </p><p>Should the UK leave without
a deal, the Treasury will consider the appropriate response. The Government and the
Bank of England have fiscal and monetary policy tools available, and are ready to
respond as appropriate to support the economy should the circumstances require.</p><p>
</p><p>The government has already guaranteed that UK organisations who get EU programme
funding will continue to do so should the EU cease to fund these organisations after
exit.</p>
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