Hammond Said Ready to Drop Single-Market Access on Brexit

The transcript discusses the UK's desire to retain access to the EU single market post-Brexit without full membership, highlighting the challenges and negotiations involved. It explores Germany's reluctance to allow such access, the financial implications for London as a financial hub, and the political sensitivity surrounding immigration control. The discussion also references Norway's model of market access without membership and the financial contributions required. The complexities of triggering Article 50 and the economic and political impacts of Brexit are also examined.

What key distinction is made between access and membership in the context of Brexit negotiations?

What challenges does the UK face in negotiating its exit from the EU regarding immigration control?