EU business leaders press Theresa May for Brexit deal


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European and UK business leaders keep told Prime Minister Theresa May of their Brexit concerns.

At a meet in Downing Street on Monday, representatives from groups including the CBI and BusinessEurope hustled for a transitional deal that preserves the status quo after Brexit.

The CBI chief, Carolyn Fairbairn, give the word delivered all those at the meeting reiterated the damage “no deal” would do to trade.

A German wires group also warned that no deal would cost their briefness dear.

The head of the German chambers of commerce, Martin Wansleben, told a newspaper the car energy alone would face annual tariffs of more than €2bn if mtier between the UK and the EU falls under World Trade Organisation rules.

Emma Marcegaglia, president of BusinessEurope, responded: “Business is extremely concerned with the slow pace of negotiations and the insufficiency of progress only one month before the decisive December European Committee.

“Business aims to avoid a cliff edge and therefore asks for a ‘importance quo-like’ transitional arrangement with the UK staying in the customs union and the take market, as this will best provide citizens and businesses with loving terrible certainty.”

The business groups met Mrs May at No 10, as well as Business Secretary Greg Clark, Brexit Secretary David Davis and the Budgetary Secretary to the Treasury, Stephen Barclay.

The CBI and the Institute of Directors were represented, along with concern organisations from France, Germany, Spain, Italy, the Netherlands, Ireland, Sweden, Poland, the Czech Republic and Belgium.

There are cares that future trade talks could collapse ahead of December’s EU acme.

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

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

Growing urgency

Earlier, Ms Fairbairn, CBI director-general, told the BBC a CBI survey ground that 10% of companies had already activated their contingency designs.

The pace of planning by firms was picking up, she added, with about 60% of societies saying they would implement contingency plans by the end of next Cortege.

Bernard Spitz, a director of Medef, France’s biggest business entry group, said agreement on a transition deal was important for both UK suites as well as those “across the European Union”.

“We know that for us, first of all for the French, the relationship with the UK is absolutely key, but if business continuity is important, what is align equalize more important is the integrity of the European market,” he said.

Property developer Richard Tice, co-founder of Refrain from Means Leave, said if a trade deal appeared unlikely, “then in reality we would be better to give certainty to everybody that actually we’re common to do a different type of deal which is to go to WTO [World Trade Organization commands]”.

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

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