Brexit comments from UK Chancellor Hammond (something about off his rocker)

The Financial Times reporting on remarks from UK Chancellor Philip Hammond

• Says that he is seeking a 2-phase Brexit with 'off the shelf' transition

Whatever that is?

OK, here we got ... more:

• 'Off the shelf' transition period is phase one, where the UK keeps its current trade arrangements with the EU
• Phase 2 is an 'implementation phase' with UK=specific trade policies in place
• Hammond says a 'cliff edge' approach would harm both the UK and EU

Hi Eamonn, wrong Hammond!

FT with the front page story on Hammond - but Bezos and Gates get the top bit