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British Chancellor deems Chequer's plan 'fair and sensible'

British Chancellor deems Chequer's plan 'fair and sensible'

The British Chancellor Philip Hammond believes that the Prime Minister's Chequer's plan is the "best way forward".

Mr Hammond claimed that if Mrs May's Chequer's plan would go through, it would enable the UK to enjoy the same economic growth as if it remain as an EU member state.

Hammond told Sky News:

"Getting a deal with the European Union that allows our businesses to continue accessing the European market is clearly in our best interest and I believe that the Chequers white paper represents the best way forward."

He continued:

"It's a fair and sensible and pragmatic offer to the Europeans that will allow us to deliver on the result of the referendum, taking back control of our borders for immigration, allowing us to develop our own trade policy, ending the sending of large amounts of money to Brussels every year. But at the same time allow us to remain closely connected with the European economy in a way that works for us and works for the Europeans."

He called on Brussels and advised them to accept Mrs May's plan and stated that it would offer  "fair and sensible" solution.

Mr Hammond's comments and recommendation followed the international trade secretary, Liam Fox's comment which mentioned that the reluctance of the EU to accept the Chequer's blueprint left them with a higher chance of a no deal occurrence.

EU Chief Negotiator, Michel Barnier, previously declined the customs agreement which was an essential part of May's controversial blueprint.

“It is a fair and sensible and pragmatic offer to the Europeans that will allow us to deliver on the result of the referendum – taking back control of our borders for immigration, allowing us to develop our own trade policy, the ending of large amounts of money to Brussels every year – but at the same time allow us to remain closely connected with the European economy in a way that works for us and works for the Europeans," said Hammond.

Britain is yet to confirm their Brexit deal as they are due to officially leave the EU in March 2019.

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