GETTYThe Chancellor has been accused of wanting a soft Brexit and he said that the UK will leave in 2019
The 61–year–old also claimed he was hopeful that talks on a post–Brexit EU trade deal will begin in the autumn but he reiterated that the UK will seek to “deepen ties” with trading partners around the world.
Mr Hammond, who is leading a business delegation to Brazil before visiting Argentina during a South America tour, told a press conference: “The arrangements for our relationship with the European Union post-Brexit are the subject of negotiation.
“We will leave the union on March 29 2019 and at that moment all our current legal obligations with the European Union, all our current treaty arrangements - including the jurisdiction of the European Court of Justice - will end.Related articles
“Of course it is then possible for us as a sovereign nation to negotiate future relations with the European Union, and that's the process that we hope to begin this autumn - of discussion with our European Union partners about the future trading relationship with them.
“But that trading relationship will not be based on membership of the European Union, it will be based on treaty - just like a future trading relationship with Brazil will be based on a treaty.
“We will be seeking to strengthen and deepen our ties with trading partners around