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.  

Similar

China's 2017 GDP surge steps up for the first time for 7 years

During the fourth quarter of 2017 China's economy tacked on faster than anticipated because an export revival helped the country to report its first annual acceleration in surge for seven years, thus defying worries that intensifying curbs on industry as…

Daily News: Thursday, January 18

A lot of important events happened in the economic world, do not miss them! Reports of the Australian labor market in December 2017 were delivered at night on January 18…

Popular

Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight…

Gold is at 5-month minimums on stronger greenback

On Friday, gold dived to five-month minimums because optimism as for the US tax reform overhaul kept underpinning demand for the US dollar ahead of the highly-anticipated American nonfarm payrolls report to be released a bit later in the day…

Gold descends on profit-taking in Asia

On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera