Hammond and Fox vow transition will be no 'back door' to EU

Brexit Secretary David Davis

Brexit Secretary David Davis

In what was due to be published this week, British government ministers planned to set out their aims for the Brexit talks.

Philip Hammond, the chancellor, and worldwide trade secretary, Liam Fox, have come together to declare that a post-Brexit transition would not be a "back door" to Britain remaining in the EU.

They write that there will be a "time-limited" transition period that would "further our national interest and give business greater certainty", but insist that Brexit will not be halted.

"Once the interim period is over, we want a permanent, treaty-based arrangement between the United Kingdom and the EU which supports the closest possible relationship with the European Union, retaining close ties of security, trade and commerce", Hammond and Fox said.

"We've been crystal clear that issues around our withdrawal and our future partnership are inextricably linked, and the negotiations so far have reinforced that view", the Department for Exiting the European Union said in the statement released Sunday.

"That is why we believe a time-limited interim period will be important to further our national interest and give business greater certainty - but it can not be indefinite; it can not be a back door to staying in the EU", Mr Hammond and Mr Fox wrote.

One of the papers will focus on the future border between Northern Ireland and the Republic of Ireland، amid fears in Dublin that a return to a "hard" border could lead to economic losses and stall the peace process in Northern Ireland.

Global gold prices rise on rising US-North Korea tensions
In commodities, US. crude fell 0.67 per cent to $49.23 per barrel and Brent was last at $52.58, down 0.23 per cent on the day. Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.

Britain said it was preparing to publish several papers, including plans for a new customs arrangement and a proposal on how to resolve the difficulties of a non-physical border between Ireland and Northern Ireland.

The survey which will hand Theresa May a huge boost grilled respondents over a series of conditions imposed on Britain as a result of being in the bloc, rather than being asked simply whether they support European Union membership or not.

The joint comments by Hammond and Fox came after weeks of clashes over the UK's future outside the bloc.

Brexit Minister David Davis (L) and EU Chief Negotiator in charge of Brexit negotiations Michel Barnier seen at a press conference at the EU Commission Headquarters in Brussels, on July 20, 2017.

Eager to push talks past the opening divorce issues and on to the future trading and legal ties to the bloc, Britain also promised a series of "Future Partnership" papers in the run-up to October's European Council.

Negotiations between Britain and the EU، which began in late June، have so far produced no concrete results، and Brussels has asked London to provide a clear position on key Brexit issues by the end of August.

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