 |
| Philip Hammond |
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 yearโs referendum, is seen as the voice of a so-called โsoft Brexitโ within Prime Minister Theresa Mayโs 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.
โFive 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,โ Hammond told the BBCโs Andrew Marr show.
โWeโre into a real process now with the start of negotiations and I think youโll find the cabinet rallying around a position that maximises our negotiating leverage and gets the best possible deal for Britain.โ
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.
โIt 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,โ 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 โa couple of yearsโ.
