Chancellor Philip Hammond has backed a transitional deal for Brexit saying it would be “helpful” to allow longer than two years for the UK"s EU exit.
Mr Hammond told the Treasury select committee that there was an “emerging view” that it would be “helpful” to allow longer for the UK"s exit.
Committee chairman Andrew Tyrie said it sounded like two years was the “bare minimum” needed.
Both business and government would have to make changes, he said.
“I would not want anybody to think this is just about financial services,” Mr Hammond told MPs.
“For example, depending on what future customs arrangements are between the UK and European Union, there could be significant physical infrastructure changes that need to be made at ports of entry and exit, not only in the UK but on continental Europe as well,” he added.
He said there would also be a need to train large numbers of people in anticipation of a “much more intensive process at borders, so it"s not just the business s..
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