MOSCOW (Sputnik) — The United Kingdom will stick to political "red lines" created by the EU membership vote when negotiating a post-Brexit deal with Brussels, UK Chancellor Philip Hammond said Thursday.
"The vote on 23rd of June to leave the EU has also created political red lines for us in that negotiation and our neighbors have to respect that too," the new finance minister told UK's LBC radio.
Hammond: we need to ensure access to EU single market for our financial services
— Robert Peston (@Peston) 14 July 2016
He said the talks will be all about "setting out what the parameters are… and how we approach our neighbors, and trying to find a deal that works for them, addresses their political red lines as well as our own political red lines."
The Chancellor Philip Hammond says he can't say exactly when Article 50 will be implemented.
— LBC Breaking (@lbcbreaking) 14 July 2016
The new UK government of Prime Minister Theresa May is expected to invoke Article 50 of the EU Treaty and trigger the "divorce process" after the majority of Britons voted to quit the bloc.
