Theresa May to meet EU business leaders


Europe flag outside parliamentImage copyright AFP

European business leaders will meet Prime Minister Theresa May later on Monday to voice concerns about the future of UK-EU trade.

Experts from groups including the CBI and BusinessEurope will stress the need for a transitional deal that preserves the status quo after Brexit.

They will urge the 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.

They will meet Mrs May at No 10, as well as Business Secretary Greg Clark, Brexit Secretary David Davis and Economic Secretary to the Treasury Stephen Barclay,

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.

But there are concerns that future trade talks could collapse ahead of December’s EU summit.

EU chief negotiator, Michel Barnier, has warned that the talks will only go ahead if the UK first clarifies its financial obligations to the EU.

Mr Davis has said the UK was “ready and willing” to engage with Brussels “as often and as quickly as needed”.

Shared input

The business leaders are set to tell the prime minister they want real progress on a future free trade agreement, as well as a transitional arrangement until that can be implemented.

Mrs May is expected to reiterate the UK’s commitment to securing an implementation period of about two years once the country leaves the EU in March 2019.

She will also ask the business experts to share their input on how the UK and EU can continue to thrive side by side in industry and economic development.

Image copyright AFP
Image caption Michel Barnier warned of the possible collapse of upcoming Brexit negotiations

The BBC’s business editor, Simon Jack, says some UK business leaders in favour of Brexit are concerned that a transition period maintaining the current arrangements will delay and frustrate Britain’s attempts to strike new independent deals.

Our editor says that while hoping a deal with the EU can be achieved, some are concerned that the lack of progress so far plays into the EU’s hands.

View the original article: http://www.bbc.co.uk/news/business-41962813

They are therefore recommending the government uses its time to prepare for a “no deal” scenario which would see the UK trade with Europe on the same terms – and tariffs – as the rest of the world.

In the same category are

How INXS Kick-started their career Image caption Kick was the band's international breakthrough albums Five albums into their career, INXS had clawed their way up from Australia's p...
Review: Will Gompertz on George Clooney’s Suburbicon ★★☆☆☆ Matt Damon's latest film opens with an in-movie advert selling the virtues of living the American dream in a post-war new town. It promises a nice h...
Mugabe and me: A personal history of growing up in Zimbabwe Image copyright AFP Image caption Robert Mugabe is seen as the father of the nation - Zimbabweans aged 37 or younger have known no other leader As...
Egypt attack: Fake Sinai photos on social media Image copyright @alaraby_ar Image caption This photo is actually three years old and not from Friday's attack How do you know if the photographs a...
Week in pictures: 18-24 November 2017 Our selection of some of the most striking news photographs taken around the world this week. Image copyright Susana Vera / Reuters Image caption Ro...
The early Christmas gift everyone’s buying Image copyright Marks&Spencer Image caption Marks and Spencer had a waiting list of more than 45,000 online customers for its 2017 calendar Ad...

Dont forget to “Like” us on Facebook


Need something to share, visit our sister site for the

‘News in the last 30 days”

in a clear concise package ….

 

If you are an artist or interested in art, visit our art website and read about todays artscene and browse some of our artist profiles

 

Comment on this story