Hammond Said to Be Ready to Ditch EU Single-Market on Brexit

  • U.K. Treasury drafting blueprint to preserve banks’ privileges
  • Officials say Hammond plan aims to match single-market rights

Hammond Said to Ditch EU Single-Market

Chancellor of the Exchequer Philip Hammond is ready to accept that Britain may have to give up membership of the European Union’s single market -- and U.K. banks’ crucial access to clients on the continent -- to achieve the immigration restrictions that voters have demanded, according to two officials familiar with his thinking.

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