Hammond backs Brexit transition, says would help EU too

British Chancellor Philip Hammond backed the idea of a transition period between Britain leaving the European Union and the finalisation of its new relationship with the bloc, and said EU countries also stood to gain. "I don't think we should approach this on the basis that we need transitional arrangements, because I think we can only get to a situation where we have a transition if there is a genuine meeting of minds on both sides of this negotiation that they are beneficial," Hammond told mem