Economics
Fox Backs Short Brexit Transition as Cabinet Divisions Deepen
- Trade secretary ‘very happy’ with period of ‘a few months’
- Hammond wants two to three years to aid economic stability
U.K.'s Fox Says Must Ensure Stability in Brexit Process
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Trade Secretary Liam Fox, a leading advocate for U.K. departure from the European Union, said he would be “very happy” with a transition period of “a few months” if it maintains stability as Britain quits the bloc.
The comments reinforce the split in Prime Minister Theresa May’s government over the issue. The position of Fox, who warned in December that such a deal would risk “diminishing” the will of British voters, puts him in direct conflict with Chancellor of the Exchequer Philip Hammond, who wants a transition of as long as four years.