Corporate Groups Gather for Lenient ‘Brexit’ as Negotiations Begin

Published Date : Jun 19, 2017

After the final call for Brexit and with the start of negotiations between the United Kingdom and the EU in Brussels, business associations of the Kingdom have come together to ask for a softer and lenient Brexit as David Davis, Brexit Secretary takes his step forth. The negotiation is being called as a “divorce bill” of the UK. Mr. David said that the deal is one of its kind in history and he is looking forward to a special and deep partnership. By the end of March 2019, the UK is set to leave the European Union. As the talks are nearing, there is a strong warning from business associations across the UK demanding for a softer Brexit.

Demands from Businesses

Recent sources have reported that five core business organizations have joined hands demanding access to the single market of Europe till the final deal of Brexit is made with the European Union. As reported, they have urged the UK government to keep economy first. The letter is said to have come from the Institute of Directors, Federation of Small Businesses, EEF, and British Chamber of Commerce Confederation of British Industry.

What is in the letter?

The signatories are saying that they are allowed benefits of the single market of European Union such as free flow of services, goods, people, and capital, and also in the customs union enabling them to access tariff-free trading inside the EU. They have demanded to maintain this state till the final call related to Brexit is taken between the EU and the UK and is forwarded for implementation. They have further asked for a trade that will allow trading in a tariff-free environment between the EU and the UK.