Philip Hammond has outlined the economic goals of Brexit in a speech made at Mansion House.
The Chancellor made clear immigration and borders will be managed in a “jobs-focused” Brexit, albeit with an “implementation period” once the new terms are decided.
Hammond declared he would push for a new standard of world trade to deliver benefits to working people, while stressing the UK would not be “turning inward”.
The Chancellor said he had three priorities for the departure from the European Union – a comprehensive free trade agreement, “frictionless” custom arrangements to maintain the border with the Republic of Ireland, and measures to ease the transition.
He also said there would be a “pragmatic” approach to the withdrawal, saying the UK must engage with the EU’s concerns over the desire to be free of the European Court of Justice.