UK's Hammond: There has been a hit to the UK economy due to Brexit uncertainty

The UK finance minister Philip Hammond was out on the wires in the last hour, saying that there has been a hit to UK economy due to Brexit uncertainty.

Key quotes:

   •  There will be a boost to the UK economy when PM May lands a deal.
   •  Many businesses are sitting on their hands.
   •  Next few weeks will be critical, this is a live negotiation.
   •  The mood is that EU wants to do a deal.
   •  We have our red lines, non-negotiable parts of the Brexit talk.
   •  We are talking about how to implement customs arrangements.