Mrs May will reiterate the UK’s commitment to securing an implementation period of around two years once Britain leaves the EU in March 2019. And she will ask the business experts from organisations including the CBI and BusinessEurope to share their input on how the UK and EU can continue to thrive side by side in industry and economic development….reports Asian Lite News
Prime Minister Theresa May will meet business leaders from the European Union (EU) to voice concerns about the future of UK-EU trade. Experts from groups including the Confederation of British Industry (CBI) and BusinessEurope will stress the need for a transitional deal that preserves the status quo after Brexit.
According to sources, the experts will urge the British government to clarify the future relationship between the UK and the rest of the EU.
The next round of Brexit talks is due to start in mid-December.
Apart from May, Business Secretary Greg Clark, Brexit Secretary David Davis and Economic Secretary to the Treasury Stephen Barclay will also attend the meeting.
The CBI and the Institute of Directors will be represented, as will business organisations from France, Germany, Spain, Italy, the Netherlands, Ireland, Sweden, Poland, the Czech Republic and Belgium.
CBI Director General Carolyn Fairbairn told the BBC that it was an important meeting.
“The urgency that’s shared by business across Europe is growing by the day.”
She said a CBI survey showed that 10 per cent of firms had “already pressed the button on their contingency plans” in the event of a no-deal Brexit.
Mrs May will reiterate the UK’s commitment to securing an implementation period of around two years once Britain leaves the EU in March 2019. And she will ask the business experts from organisations including the CBI and BusinessEurope to share their input on how the UK and EU can continue to thrive side by side in industry and economic development.
The Prime Minister will also reiterate her vision set out in Florence for a bold and deep economic partnership with the EU – one in which the UK continues to be a global, free trading nation and the strongest friend and partner to the EU.
Alongside colleagues from the Department for Exiting the EU, the Department for Business, Energy and Industrial Strategy (BEIS) and the Treasury, the Prime Minister will reflect on the historic strong relationship between European business and the UK – from BMW in Oxford building electric MINIs to Arla’s work with dairy farmers across Britain.
The government has been engaging with industry through the Business Advisory Council since July this year as a vital part of preparations for leaving the EU. But this is the first meeting where she will engage directly with leaders from EU Business Organisations.
Greg Clark, Secretary of State for BEIS, will also set out the aims for the upcoming Industrial Strategy which will play a key role in UK’s free market economy delivering economic and social progress for everyone in society.
Ministers attending the Downing Street roundtable, which the CBI helped to organise, will be:
Rt Hon Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy
Rt Hon David Davis MP, Secretary of State for Exiting the EU
Stephen Barclay MP, Economic Secretary to the Treasury
Attending businesses organisations will be:
Institute of Directors (UK)
European Services Forum (EU)
Confederation of Swedish Enterprise (Sweden)
Polish Confederation of Private Employers (Lewiatan)
Confederation of Industry of the Czech Republic, SPCR (Czech Republic)