Brexit transition period can create certainty for businesses: UK's Hammond

"(By) delivering a time-limited transition period, avoiding a disruptive cliff-edge exit from the EU, we can provide greater certainty for businesses up and down the UK, and across the European Union," Hammond said at the presentation of an OECD report on Britain.

Hammond said Britain would consider the report and act where it could.

(Reporting by Andy Bruce and Alistair Smout; Editing by Alison Williams)