Davos
UK's Hammond sets out vision for 'modest' Brexit
Chancellor calls for unprecedented, wide-ranging trade agreement with EU to mitigate threat of 'unnecessary' economic, fiscal or financial stability risks
UK chancellor of the exchequer Philip Hammond has set out his vision for a Brexit deal that is only "very modestly" different from the terms of European Union (EU) membership, as he poked fun at his hard-line euroskeptic colleague Boris Johnson.
Speaking to business leaders in Davos, Hammond called for an unprecedented and wide-ranging trade agreement with the bloc to mitigate the threat of "unnecessary economic, fiscal or financial stability risks" from Brexit.
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