UK chancellor Philip Hammond said that Britain will leave Europe’s single market and customs union when it withdraws from the EU in an interview with the BBC’s Andrew Marr Show on Sunday.
“We’re leaving the EU and because we are leaving the EU, we will be leaving the single market and, by the way, we will be leaving the customs union,” the chancellor said in his first media appearance since the June 8 general election.
He emphasised that the negotiating principles set out by Theresa May in her Lancaster House speech in January and her Article 50 letter would be adhered to.
The question is not whether we are leaving the customs union. The question is what do we put in its place in order to deliver the objectives the prime minister set out in her Lancaster House speech of having no hard land border in Ireland and enabling British goods to flow freely backwards and forwards across the border with the European Union.
Political commentators took to Twitter to respond to Hammond’s televised comments.
Some Tory MPs feared Hammond would use #Marr interview to torpedo #Brexit strategy but he was v clear – we must leave single market and CU— Tim Montgomerie ن (@montie) 18 June 2017
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
Hammond: definitely leaving EU, single market & by the way, customs union…need trade without tariffs, works for just in time manufacturing— Faisal Islam (@faisalislam) 18 June 2017
Hammond also insisted that the UK would push for a post-Brexit transition period to allow British businesses to adapt to new laws after 2019.
“What we put in place may not be a single arrangement that endures forever, it may be an arrangement which lasts for a couple of years as a temporary measure before we get to the long-term agreed status quo,” he explained.
The UK’s Formal talks with the EU in Brussels begin on Monday.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.