Nigel Lawson expressed fears that Mr Hammond was being “grossly negligent” in his refusal to prepare for an unlikely no deal Brexit scenario.
He said: “He may not intend it, but in practice what he is doing is very close to sabotage.”
The former Chancellor’s sentiment was echoed by Marcus Dolman, the joint chairman of the British Exporters’ Association and senior executive at Rolls-Royce, who told Mr Hammond to quell his Brexit anxieties.
He claimed: “He’s probably talking a bit negatively. We need to be positive about this.
“Businesses are resilient. They will be planning for all eventualities.”
He also told the Daily Mail: “If there is a hard Brexit then Businesses will find a way around it.”
The boss of JD Wetherspoon, Tim Martin, also commented on the dismal outlook of the Chancellor.
He stated: “Philip Hammond is much too gloomy. He’s acting like a blocker in these negotiations.”
Gerard Lyons, the chief economist for Netwealth emphasised a need for treasury change.
He added: “The Treasury needs to move on. The Budget in November needs to be about boosting investment and infrastructure, and presenting a positive vision of the future.”
Heralded creator Sir James Dyson also joined the conversation by calling for complaints to be ignored and a more positive Brexit outlook offered.
He declared: “I’m enormously optimistic because looking outwards to the rest of the world is very, very important because that’s the fast-growing bit.”
Businesses and former Conservatives join Theresa May in their distaste for the stubborn Chancellor.
Yesterday, a cabinet source claimed the PM “can’t bear” to be alone with Mr Hammond with both needing aides to join them in meetings to avoid one-on-one confrontation.
The Prime Minister stood against her Chancellor after he failed to assure the British public that the country would be prepared in the event of a no deal scenario.
Mrs May told MPs on Wednesday that she will put aside £250million in Mr Hammond’s new budget on November 22 to protect the public from meddling Eurocrats.
Source : EXPRESS