Senior British government ministers are becoming convinced of the need for transitional arrangements to reduce disruption as Britain leaves the European Union, finance minister Philip Hammond said on Sunday.
Hammond, who supported remaining in the EU at last year's referendum, is seen as the voice of a so-called 'soft Brexit' within Prime Minister Theresa May's cabinet, favouring prioritising trade ties with the EU over curbing immigration.
He has repeatedly talked about the need for a transitional deal, saying such an arrangement would see Britain replicate as much as possible the existing arrangements in order to minimise the impact on business.
"Five weeks ago the idea of a transition period was quite a new concept, I think now you would find that pretty much everybody around the cabinet table accepts that there will be some kind of transition," Hammond told the BBC's Andrew Marr show.
"We're into a real process now with the start of negotiations and I think you'll find the cabinet rallying around a position that maximises our negotiating leverage and gets the best possible deal for Britain."
Brexit minister David Davis is due in Brussels on Monday for a first full round of Brexit talks.
Hammond said the government needed to provide as much clarity as possible, as soon as possible, to restore business and consumer confidence and get the economy moving.
"It is absolutely clear that businesses, where they have discretion over investment, where they can hold off, are doing so and you can understand why, they are waiting for more clarity about what the future relationship with Europe will look like," he said.
Hammond said the length of any transitional period would depend on how long is needed to get new systems in place to handle areas such as customs and immigration, but it should be a defined period and was likely to need to be "a couple of years".
Source: Ahram online
GMT 08:55 2018 Monday ,10 December
Top EU court to issue decision on reversal of BrexitGMT 09:24 2018 Monday ,03 December
MI6 head to warn Russia not to 'underestimate' Britain's capabilitiesGMT 12:41 2018 Saturday ,13 January
British Secretary of State for International Development in BeirutGMT 07:50 2017 Sunday ,24 December
Britain's Higgs, Belgium's Englert win 2013 physics Nobel prizeGMT 13:14 2017 Saturday ,23 December
Big power talks on Ukraine crisis make little progressMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor