British businesses urge authorities to reach Brexit transition deal

British businesses urge authorities to reach Brexit transition deal

The British government is expected to act rapidly for the purpose of securing a Brexit transition deal, risk losing jobs as well as investment in Great Britain, as business leaders, who represent millions of employees, are due to warn.

As a matter of fact, in a draft letter due to be delivered to Brexit minister David Davis, UK five major business organizations told that a deal to provide a status quo transition was urgently required because British companies prepare to make investment decisions in the beginning of next year.

UK Prime Minister Theresa May has pledged to retain absolute access to the European track bloc’s single market for up to two years after Brexit just to restrict the disruption for British companies because they leave the EU, although the two sides are yet to negotiate the details.

Britain’s five major business groups joined the initiative. These were the British Chambers of Commerce, the EEF, the Institute of Directors, the CBI and the manufacturing group.  

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