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Radio 4,2 mins

Brexit: 'Transitional' phase will help businesses

World at One

Available for over a year

The Chancellor, Philip Hammond, has used a speech to city leaders at the Mansion House to say he wants to make the economy the top priority in Brexit negotiations. He said the government did not want to shut down migration, and said the customs union could be maintained for a time after the UK leaves the EU, during a 'transitional period' to protect key industries. The chief executive of Siemens in the UK, Juergen Maier, who is leading an industrial strategy review for the government, welcomes the idea of 'transitional arrangements' which he says, will give businesses more time to organise themselves. Mr Maier also told Martha Kearney it had taken a while to get the Brexit talks started, but it was now important to get on with the negotiations. (Photo: Juergen Maier (R), CEO of Siemens UK with former Conservative chancellor George Osborne. Credit: Getty Images).

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