UK finance minister Hammond talking to the BBC 28 July
- need to move on a steady path without cliff edges
- cabinet has a broad acceptance of interim period for leaving EU but no fixed period
- EU nationsl will be able to work in UK during transition period
- trade deals with third countries may not come into force during Brexit transition period
- UK will leave the customs union and single market
- UK will leave the EU
Get on with it then !
- very very important that we deal with UK's debt
- need to maintain disciplined path to getting national debt down as a share of GD
I repeat, get on with it then.
Meanwhile GBPUSD 1.3073 but EURGBP slipping back to 0.8946 from 0.8954 highs
Hammond- UK will leave EU customs union
