David Davis seeks to reassure Eurosceptics on post-Brexit

David Davis seeks to reassure Eurosceptics on post-Brexit

David Davis seeks to reassure Eurosceptics on post-Brexit

Earlier, Mr Hammond's Davos prediction of "very modest" changes provoked not only an angry backlash from Euro-sceptic Conservative MPs but also a slap down from the Prime Minister.

That plan may face resistance from the European Union, which says Britain can't sign new trade deals until it fully leaves the bloc.

More than 2,500 people - business leaders, politicians such as Donald Trump, diplomats and the odd celebrity, such as Cate Blanchett - will fly in for the 48th annual Davos meeting. Whether or not this is enough to satisfy the Brexit wing of the party remains to be seen - my suspicion is that it won't be.

After Boris Johnson was given a dressing-down over well-briefed calls for more cash for the NHS on Monday, the spat with Hammond underlined the continued divisions in May's freshly reshuffled cabinet.

Wary of the fragility of her minority government, Prime Minister Theresa May rebuked finance minister Philip Hammond for saying Britain would stay closely aligned to the bloc.

The answer was yes.

In response to Mr Rees-Mogg's criticism, Health Secretary Jeremy Hunt insisted the Government's approach to Brexit was not "timid".

On Thursday, a source in May's office rebuked Hammond after he spoke at a business event in Davos, saying the changes that Britain will undergo can not be described as "very modest".

May has already faced down one attempted coup and so far at least there aren't enough rebel lawmakers to oust her.

'Even if there were to be a contest the chances are she would win it'.

Countdown to Brexit: key events. And euroskeptic Conservative lawmakers have become increasingly vocal in recent days amid signs that May's ministers are planning to remain aligned with European Union rules after the divorce to facilitate trade.

On Friday, Hammond told Sky News television that Britain needed a "middle way" to protect businesses and jobs - outside the customs union, but refusing to "sever our trade links" with the EU.

In his own speech last night, Tory Brexiteer Jacob Rees-Mogg drew red lines on the shape of a transition deal.

He said: "There is no difference between the Chancellor and myself and indeed the Prime Minister in terms of that we both want a Brexit which serves the British economy and serves the British people". They didn't vote for management of decline.

The Office for National Statistics said Friday that the economy grew by 0.5 percent in the fourth quarter compared with the previous three-month period.

In a letter signed by former chancellor Lord Lawson, former Brexit minister David Jones, and Labour Leave chair John Mills, they said a deal like Canada's would cover 98% of goods and 92% of agriculture and would remove the need for a "status quo" transition, so the United Kingdom could reap Brexit's benefits from exit day in March 2019.

Brexit minister David Davis will seek to reassure eurosceptics about the government's strategy for leaving the European Union (EU) yesterday after fresh splits emerged in the ruling Conservative party.

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