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UK's Hammond: It would be helpful to have a longer period to manage Brexit
Being questioned in Parliament over his Autumn statement • There is a emerging view among politicians, regulators and businesses that a longer period to manage the Brexit adjustment would be generally helpful • An adjustment period would run fewer risks of disruption, including risks to financial stability • We want transition arrangements to be discussed early in the negotiating process • There has to be a shared understanding with the EU that transitional arrangements are required Just in case there's some confusion, he's not suggesting that the 2yr period after article 50 is triggered is extended but the ... (full story)
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