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UK ministers want EU transition arrangement

LONDON

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.”

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.

Reuters