2017-07-28 18:15

Hammond Envisages `Business as Usual‘ Brexit Transition

REUTERS/Tolga Akmen
REUTERS/Tolga Akmen
Chancellor of the Exchequer Philip Hammond outlined the most detailed vision yet of his plan for Britain the day after Brexit, offering businesses the prospect of an extended transition period that would allow trade with Europe to continued undisrupted.

“We have to develop a plan that will deliver for the British people business as usual, life as normal,” he told BBC Radio 4, spelling out that there’s now consensus in the government that a smooth departure will take time.

The Financial Times reported Friday that Hammond had told businesses he supported a two-phase transition, with a “standstill” phase followed by an “implementation” phase. He declined to comment on what he called private discussions but said on Friday in interviews with the BBC that people should expect few changes the day after Brexit in 2019.

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