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