Companies welcome the breakthrough of Brexit, but warn of the need for speed

Businesses welcomed Theresa May's new Brexit plan, although leaders and lobbyists stressed the importance for the UK to make rapid progress in its negotiations with the EU [19659002] The Free Trade Area between the United Kingdom and the EU expressed its satisfaction with the government plan presented after the Government supported it on Friday in Checkers, the residence of the United Kingdom. British Prime Minister

. Although some have expressed concern that the three-page post-ladies statement does not give much importance to the strategic importance of the service sector.

The CBI, the British Chambers of Commerce, and the Institute of Directors all responded positively to an agreement on Mrs. May's Brexit plan at Checkers.

In the run up to the meeting, manufacturers including Airbus, BMW and Jag Land Rover had warned that they could reduce their operations in the UK if Brexit resulted in serious customs and trade disruptions

Checkers' statement seemed to address these concerns, and Roger Carr, president of BAE Systems, the UK defense maker, said: A step in the direction of a friction-free trade with the EU after Brexit will be well received by companies.

There were concerns in the city [after the Chequers deal] that the message must be emphasized that this [the UK] is a service economy [19659008] "What we need now is that rapid progress in negotiations between the government and the European Commission to give us, on both sides of the Channel, the certainty we need to plan for a mutually prosperous future. "

of the Checkers Declaration focused on the proposed free trade area in goods, there were only limited references to service industries, which account for 80 percent of the British economy.

The document says the British plan for more fre Edom on services would mean "the UK and the EU will not have the current level of access to each other's markets . "

He added that Britain would seek a model for financial services to preserve the mutual benefits of the markets

Mark Wilson, chief executive of Aviva, the insurance company, said "Companies are looking for certainty and the progress and leadership of the government this week is an important step in the right direction."

Simon Lewis, Managing Director of the Association for Financial Markets in Europe, an organization commercial, said that "a lot of expectations" were waiting to get more details from the government's white paper, which will outline the UK's proposals for a future relationship with the EU after Brexit. to publish this week.

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"There was a concern in the city [after the Chequers deal] that the message needs to be stressed again that this [the UK] is a service economy," he added.

Checkers' statement makes no mention of the UK technology industry advocating for regulatory alignment between Britain and the EU after Brexit in order to allow companies to continue to Easily transfer data across borders. According to him, an agreement on Brexit that actually maintained membership of the European single market in goods, but not services, would put the UK's digital economy at a distinct disadvantage against European competitors.

Julian David, CEO of TechUK, added: -an approach only would risk that UK-based technology companies that sell in Europe must comply with two competing regulatory regimes and be unable to guarantee that services can be provided under the same conditions to customers in different locations. "

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