1. SOUNDBITE (English) Philip Hammond, British Chancellor of the Exchequer:
"As I said at the Spring Statement, if we leave the EU in a smooth and orderly way the fiscal headroom I've built up means an incoming prime minister will have scope for additional spending or tax cuts. But there's a caveat. A damaging no-deal Brexit would cause short term disruption to our economy, soaking up all the fiscal headroom we felt and more. And while fiscal and monetary policy interventions could help to smooth our path to a post no-deal Brexit economy, both could only be temporary and neither could prevent the economy being permanently smaller than if we leave with a deal. So there's a choice. Either we leave with no deal or we preserve our future fiscal space. We cannot do both."
2. SOUNDBITE (English) Philip Hammond, British Chancellor of the Exchequer:
"Now it may be that I'm wrong and a new leader will persuade Parliament to accept the deal it has already rejected three times. Or that the European Union does 180 degree U-turn and reopens the withdrawal agreement. But if I'm not, if the deal the current PM has negotiated turns out to be the best deal possible and Parliament continues to reject both it and no deal. Then the question to the candidates is not what is your plan, but what is your plan B. Because if your plan A is undeliverable, not having a Plan B is not having a plan at all."
3. SOUNDBITE (English) Philip Hammond, British Chancellor of the Exchequer:
"The candidates need realistic strategies for taking the UK economy out of the holding pattern in which it has been stuck for the last nine months and landing it safely on the runway marked 'Prosperity Brexit', because we cannot allow ourselves to be forced to choose between our democracy and our prosperity. And if the new prime minister cannot end the deadlock in parliament then he will have to explore other democratic mechanisms to break the impasse, because if he fails his job will be on the line and so too will be the jobs and prosperity of millions of our fellow citizens."
4. SOUNDBITE (English) Philip Hammond, British Chancellor of the Exchequer:
"If we can fight the corrosive wave of simplistic populism, if we can re-ground our politics in a common vision built on pragmatism and realism, and recapture for the centre ground a sense of optimism and momentum, we can look ahead to a brighter future for our economy our politics our society and our country."
5. SOUNDBITE (English) Mark Carney, Governor of the Bank of England:
"But as you've heard I'll soon be out of a job, to my horror and to the delight of many. So my last Mansion House speech as Governor, as anyone actually, and I promise you, don't worry, don't worry, I promise you this time, it really is the end. No further extensions. January 31st is my, it's my personal cliff edge. I'm taking my 39 billion and my housing allowance and I'm scarpering back, scarpering back to a land where drugs aren't a bar to high office, it's something you do when you...something you do when you get there."
Britain's Treasury chief urged those seeking to be Britain's next leader to be honest with the public and spell out what they would do if their plans for leaving the European Union falter.
Philip Hammond used a speech in London on Thursday to say the candidates should outline what their Plan B might be if Parliament rejects both the Brexit deal negotiated by outgoing Prime Minister Theresa May and leaving the bloc with no deal at all.
Hammond's speech to the annual Mansion House dinner in London's financial district was interrupted by climate-change protesters in red evening dresses with sashes that read "climate emergency." Greenpeace said the protesters were members of the group who had "gatecrashed" the dinner.
Hammond resumed his speech after a few minutes.
Hammond, who has long warned of the dangers posed by a badly managed Brexit, urged the two remaining leadership candidates to offer realistic strategies for taking the British economy out of the "holding pattern" that it has been stuck in as May sought to get her Brexit divorce deal through the House of Commons - possibly even if it means another referendum on leaving the EU.
"We cannot allow ourselves to be forced to choose between our democracy and our prosperity," Hammond said. "And if the new prime minister cannot end the deadlock in Parliament, then he will have to explore other democratic mechanisms to break the impasse."
Hammond repeated warnings that leaving the EU without a deal would damage the British economy and ultimately risk the breakup of the U.K. a veiled reference to increasing tensions in Scotland and Northern Ireland, both of which voted to stay inside of the EU. He also stressed that the 26.6 billion pounds (34 billion US dollars) of "fiscal headroom" set aside by the Treasury would be soaked up quickly by a no-deal Brexit.
The comments are seen as a rebuke to Boris Johnson, the front-runner in the race to be the next leader of the Conservative Party and the next British prime minister. Johnson is arguing that some of the contingency fund set up to cushion the British economy in the event of "no deal" could be used for tax cuts.
"There is a choice: either we leave with no deal or we preserve our future fiscal space - we cannot do both," Hammond said.
Hammond also said it was unlikely the EU would do a "180-degree U-turn" and re-open talks on the Brexit withdrawal agreement.
Bank of England Governor Mark Carney also made his final Mansion House speech, before he retires from the position.
He joked about the UK's missed Brexit deadline and the dispute over how much it should pay the EU.