Watch the Budget Here at 3:30 am

A no-deal outcome to the Brexit negotiations would require an emergency budget allowing the government to intervene in the event of economic turbulence while setting a “new direction” for the U.K. economy overall, Chancellor Philip Hammond said in a pair of TV interviews ahead of Monday’s annual budget statement.

Brexit and the budget: Hammond, who will deliver the statement in the House of Commons at 3.30 p.m. Monday, local time, told Andrew Marr that it would be based on the assumption of a “negotiated exit, an average type free trade deal.” While a deal based on the government’s proposed Brexit model — Chequers — would, he said “minimize the negative effect,” a no-deal would require what he told Sky’s Sophy Ridge, who got the scoop in an earlier interview: “A different approach to the future of Britain’s economy.”