The European Union and the United Kingdom may agree on interim arrangements after the latter withdraws from the bloc should the sides fail to negotiate a Brexit deal in two years, UK Chancellor of the Exchequer Philip Hammond said Friday.
"We will leave the European Union two years after we serve the notice. If the negotiations are positive, constructive, we’re working together, I don’t see that needs to be an insuperable problem. If we’re making good progress but haven’t quite got there we will simply agree that Britain will leave the European Union and we will agree some interim arrangements while we complete the discussion," Hammond said at the World Economic Forum.
On June 23, 2016, the United Kingdom held a referendum, as a result of which the country decided to leave the 28-nation bloc. According to the final results, some 52 percent of voters supported Brexit. Following the referendum, UK Prime Minister Theresa May said that she intended to trigger Article 50 on exiting the European Union by the end of March 2017.
UK, EU may have `Some interim arrangements` if Brexit not going smoothly
20 January 2017
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UK Chancellor of the Exchequer Philip Hammond said London and the European Union could hammer out an interim arrangement if Brexit is not completed in time.
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