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In a joint article discussed by the Minister of Finance and Foreign Trade Brexit 

In a joint article discussed by the Minister of Finance and Foreign Trade

The Minister of Finance and Foreign Trade had an important dispute over the termination of British membership of the European Union. Philip Hammond and Liam Fox agreed on a joint Sunday article that there was a need for a transition period for the exit conditions to come into force, but this can not mean avoiding Brexit.

The Sunday paper, The Sunday Telegraph, states that the interests of the country dictate that there should be a transitional period, but this can not be for an unlimited period and can not serve as a member of the European Union. The two politicians emphasized that the transition period could reduce uncertainties in the business sphere.
The two politicians agree that during the transitional period Britain will no longer be in the European Union, leaving its unified internal market and the customs union. Membership of the island is expected to end in March 2019.
However, they also confirmed that the tightening of immigration – one of the key reasons for the majority of the British voting for the European Union to leave the 2016 referendum – does not mean that no workers will come from the EU.
They stressed the importance of the need for border control to operate smoothly during the transitional period. “Goods purchased on the Internet must reach the border, businesses must have their customers in the EU,” they added, adding that British companies should continue to have access to talented workers, including those from the European Union.
Minister of Finance and Foreign Trade stressed that the government wants to avoid “cliff edge” Brexit at all costs. The term “cliff edge” refers to the variation of the abolition on which the United Kingdom’s membership of the European Union would disappear without a transitional period for the phasing out of the exit conditions, even without an agreement with the EU.
After the transitional period, they have long-lasting contractual relations between the United Kingdom and the European Union, they said, adding that they regard as close cooperation as possible in the area of security policy and trade.
Philip Hammond and Liam Fox have so far opposed the most important issues of exit. The former underlined the importance of a smooth transition and the reduction of economic risks, and considered that “not many things” changed on the day following the end of membership. The latter, however, highlighted the potential of Brexit and said that with the membership, the free flow of persons will be lifted in 2019.
In their joint Sunday article, however, they stressed that all members of the government are working to make the exit smooth: minimizing the lives of people and businesses, avoiding jobs or compromising on the standard of living.
According to analysts, the words of the Minister of Finance and Foreign Trade indicate that a “ceasefire” has been established between the two political groups within the government. The Theresa May cabinet’s Brexit strategy was the subject of an open debate after the Conservative Party lost its lower house majority in early June elections and could only govern with external assistance.
The British government is expected to outline its position in more detail on several important issues of exit coming next week.
Meanwhile, former Foreign Minister of Labor, David Miliband called for a new referendum on EU membership. In his paper on Sunday, The Observer, he urged both government and opposition politicians to come up against the “worst consequences” of Brex. He was of the opinion that last year’s referendum was an unprecedented case of economic harm. “It is said that we must respect the outcome of the referendum, so it is, but democracy did not end on June 23, 2016,” he said of the referendum. The referendum will not be an excuse if the country is disbanded on the edge of the rock wall – he added, referring to the “cliff edge” of Brexit’s dangers.


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