The Leave.EU co-founder said Brexit Britain does not need a deal with the European Union and could prosper with WTO rules.
Speaking to Sky News, Mr Tice said: “It’s becoming ever clear to us that no deal is could well be the best deal.
“That’s why I’m so disappointed the Chancellor announced that he’s not going to spend the necessary money until the last possible moment.”
The property developer bemoaned the UK Government’s attempts to strike a deal with Brussels at all costs, saying Britain does not need an agreement to enjoy all the advantages of Brexit.
He continued: “The Government should be accelerating that spending and actually convincing the public and businesses that WTO is absolutely fine as a base case.
“We view it as a springboard for opportunity. Forget all this nonsense that it’s a cliff edge: there is no cliff, there is no edge!
“All the advantages of Brexit are by deregulating, signing trade deals and controlling our borders. That has nothing to do with a free trade deal.”
Chancellor Philip Hammond said Britain is prepared to spend contingency money in the event of a no deal with Brussels.
He told the Treasury Select Committee: “We do have planning for all scenarios, I’m committed to funding departments – we’ve already allocated £250million from the reserve. We have to be prepared for a no deal until we have clear evidence we will not have a no deal.
“I’m not proposing to allocate funds to departments in advance of the need to spend. We should look at the last point of when we can spend for if we have a no deal. We will not spend it earlier than necessary just to make a demonstration point.”
The Chancellor confirmed any money needed for a no deal scenario will come from Government reserves.
When asked if the Treasury has prepared for what could happen in the case of a no deal, he said: “It’s a moving feast, one can plan for the most extreme scenario.
October 12th, 2017: Express