Business says UK must urgently lock down a Brexit transition deal to save jobs
London — The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be sent to Brexit minister David Davis, Britain’s five leading business organisations said a deal to provide a status quo transition was needed as soon as possible, as companies prepared to make their investment decisions in early 2018. Prime Minister Theresa May has promised to retain full access to the EU’s single market for two years after Brexit to limit the disruption for companies as they leave the EU, but the two sides are yet to discuss the details. "Agreement [on a transition] is needed as soon as possible, as companies are preparing to make serious decisions at the start of 2018, which will have consequences for jobs and investment in the UK," the letter says, according to a person familiar with the situation. "And the details of any transitional ar...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.