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UK sets aside extra 3 billion pounds for Brexit preparations: Hammond

Reuters
Britain's Finance Secretary Philip Hammond leaves Downing Street on his way to deliver his budget statement to parliament, London, Britain, November 22, 2017. REUTERS/Peter Nicholls (Reuters)

LONDON (Reuters) - The British government is setting aside 3 billion pounds ($3.97 billion) for Brexit preparations in addition to funds allocated previously, finance minister Philip Hammond said on Wednesday during his budget speech to parliament. "We have already invested almost 700 million pounds in Brexit preparations ... and today I am setting aside over the next two years another 3 billion," he said. (Reporting by Sarah Young and Estelle Shirbon; editing by Stephen Addison)