Speaking to LBC Radio, the passionate Brexiteer dismissed Remainers’ criticism of Boris Johnson’s Government’s increased preparation for a no deal Brexit scenario, arguing leaving the EU without an agreement would give the country to benefit from new trading relationships with non-EU countries. Sir Bill welcomed the financial boost to the no deal preparations announced by Chancellor Sajid Javid on Thursday and argued the financial return of future trading agreements with the rest of the world will allow for a huge “political bonus”.

He said: “Not being part of the European Union is an incredible bonus, politically, to the United Kingdom.

“We’ve been shackled with over regulations, cost on business as a result of small businesses having to carry out enormous amounts of regulatory requirements that come from Europe.

“That is the political price. It’s the ability to be able to govern ourselves. That is the thing.”

He added: “This is a political necessity to get out of the European Union so that we’re not governed by 27 other member states.”

This is a political necessity to get out of the European Union so that we’re not governed by 27 other member states

Sir Bill Cash

It comes as a £2.1 billion funding boost for no deal Brexit preparations is part of the Government’s plan to show Brussels that it will not be “business as usual” in dealing with the UK.

Chancellor Sajid Javid announced the funding package, including £1.1 billion already committed to plans for October 31 and £1 billion in reserve, saying it is “vital that we intensify our planning” for the Brexit deadline.

Commons Leader Jacob Rees-Mogg said Boris Johnson would not be “browbeaten” by Brussels and the European Union must realise the UK was not “frightened” of leaving.

The Prime Minister will chair his first meeting of the Brexit war cabinet – comprising the Chancellor, Foreign Secretary Dominic Raab, Chancellor of the Duchy of Lancaster Michael Gove, Brexit Secretary Steve Barclay and Attorney General Geoffrey Cox – on Thursday.

The group – formally known as the Exit Strategy committee or XS – had its first meeting on Monday, which was led by Mr Gove, the Government’s no deal planning chief, as the Prime Minister, was in Scotland.

Mr Javid said the £2.1 billion funding injection will ensure the UK is ready to leave the European Union “deal or no deal”.

The funding will pay for 500 more Border Force officers, support for passport processing, improved infrastructure at ports and extra cash for Operation Brock – the plan to cope with traffic chaos in Kent.

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Supplies of medicines could be hit by disruption in the event of a no deal Brexit, so mitigation plans include increased freight capacity, warehousing and stockpiling.

Mr Javid said: “This additional £2.1 billion will ensure we are ready to leave on October 31 – deal or no deal.”

The announcement, soon after entering the Treasury under Mr Johnson, is intended to signal a break from Philip Hammond’s era.

In total, the Treasury has made £6.3 billion available to prepare for Brexit including £4.2 billion this financial year alone.

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