Being questioned in Parliament over his Autumn statement
There is a emerging view among politicians, regulators and businesses that a longer period to manage the Brexit adjustment would be generally helpful
An adjustment period would run fewer risks of disruption, including risks to financial stability
We want transition arrangements to be discussed early in the negotiating process
There has to be a shared understanding with the EU that transitional arrangements are required
Just in case there's some confusion, he's not suggesting that the 2yr period after article 50 is triggered is extended but the time to put all the new measures and agreements in place.
