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UK's Hammond: Losing access to EU markets "catastrophic"

Sunday, June 26, 2016 - 01:03

British Foreign Secretary Philip Hammond says it would be ''catastrophic'' for Britain to lose access to the European single market after it voted to leave the European Union. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) British Foreign Secretary Philip Hammond said on Sunday (June 26) it would be "catastrophic" for Britain to lose access to the European single market after it voted to leave the European Union. Speaking on ITV television, Hammond also told host Robert Peston that there was no imperative to serve the Article 50 notice - the formal process of leaving - at any particular time. "The negotiation will not start until the Article 50 Notice has been served and as the prime minister has made clear, that will be a decision for the next prime minister," he said, adding that the referendum is an "internal matter" and the timing would be determined by Britain. Hammond, who campaigned to remain in the bloc, said Britain would not be able to keep access to the single market while also asserting complete control over migration from EU member states.

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UK's Hammond: Losing access to EU markets "catastrophic"

Sunday, June 26, 2016 - 01:03