Philip Hammond wants a Brexit deal that secures low tariffs
Mr Hammond has also outlined that he is confident in the UK’s bargaining power ahead of negotiations with the European Union.
The 61-year-old Chancellor said: “We can leverage and build upon our many relationships beyond the EU. We can look to make ourselves competitive in different ways.”
However, Mr Hammond has been clear that he only considers that approach to be a backup option.
He added: “This economy is a success story. I do not want or need to change the way this economy works… If we get the right Brexit deal we can build a fantastic future.”
Brexit: Results of how the UK voted Mon, March 20, 2017
Much of the North East of the United Kingdom voted to leave the European Union including Sunderland, Gateshead, Darlington, Durham, Hartlepool, Middlesbrough, Stockton, Redcar and Cleveland, North Tyneside and South Tyneside, and Northumberland
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GREAT YARMOUTH: The town of Great Yarmouth on the East Coast of England voted by 72% to leave the European Union.
Mr Hammond has also suggested that he has “moved on completely” from helping to lead the pro-EU campaign as Foreign Secretary in the lead up to last year’s Brexit referendum.
He said: “A lot of the analysis that’s been done by independent analysts around this election has verified that.
“There are a lot of people in this country who may well have voted to remain but who now take the view that we’ve made the decision.
“The issue isn’t remain/leave, the issue is how to get the best possible Brexit deal, how to use Brexit as the next step in building a global Britain.”
Last year, the UK voted to leave the European Union
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Mr Hammond explained that he is positive about the prospect of leaving the EU.
He stressed that he was always an EU “sceptic” in the past. He claimed that he felt positively about the power of the single market but cautious of the “grandiose scheme” of political integration.
He added: “The question for us before the referendum was ‘could we tame it’? The British people have made a decision about that: No, we’re leaving it. And we are leaving.”