Britain may change ‘economic model’ if shut out of EU single market: Hammond

FILE PHOTO: Britain’s Foreign Minister Philip Hammond and Foreign Ministry Political Director Tim Barrow arrive with fellow G7 foreign ministers for a working session, the fourth session of the their meetings in Hiroshima, Japan April 11, 2016. Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, British finance minister Phillip Hammond said in a German newspaper interview published on Sunday.