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Brexit on the agenda at Chengdu G20 meeting

Stephen Beard Jul 22, 2016
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Britain's Chancellor of the Exchequer, Philip Hammond, left, speaks with Chinese Vice Premier Ma Kai during a meeting in Beijing on Friday. Hammond is in China to attend the G20 Finance Ministers meeting in Chengdu, besides visiting Beijing and Hong Kong to promote British business opportunities. HOW HWEE YOUNG/AFP/Getty Images

Brexit on the agenda at Chengdu G20 meeting

Stephen Beard Jul 22, 2016
Britain's Chancellor of the Exchequer, Philip Hammond, left, speaks with Chinese Vice Premier Ma Kai during a meeting in Beijing on Friday. Hammond is in China to attend the G20 Finance Ministers meeting in Chengdu, besides visiting Beijing and Hong Kong to promote British business opportunities. HOW HWEE YOUNG/AFP/Getty Images
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Finance ministers from the world’s top 20 economies meet in the Chinese city of Chengdu this weekend. One of them in particular will find himself in the hot seat. 

Britain’s new finance chief, Philip Hammond, will face a grilling from his G20 counterparts on the subject of Brexit. When will it happen? Will it be rough or smooth? A clean break? Or only a partial departure? 

For now, Hammond and his government have few answers to these questions, and it could be several years before a clear outline of Britain’s new relationship with the European Union takes shape.  This weekend, the G20 ministers will mull over the possible damage that Brexit could do to the global economy and what steps they should take to minimize that damage.

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