X
    X
    X
    X

    Director-General of CBI urges Prime Minister to provide ”some commentary” over Brexit

    Publications

    Carolyn Fairbairn, the Director-General of the Confederation of British Industry (CBI), has warned that Mrs May’s reluctance to provide any commentary over Brexit is leading potential investors to assume the worst with regards to Britain’s trade barriers. The CBI, Britain’s biggest business group, has warned that companies could not afford to withhold from making any decisions before Britain formally leaves the EU in 2019. Speaking in an interview with the Times, Ms. Fairbairn expressed doubts that Britain could finalise any trade deal with the EU within the two-year exit process. Furthermore, if Britain is to be governed by tariffs and barriers laid down by the World Trade Organisation (WTO), she estimates that 5,000 firms in the financial services sector will lose out as a result of not having access to the EU passporting regime.

    http://www.thetimes.co.uk/article/keeping-quiet-makes-businesses-fear-the-worst-says-cbi-chief-7rr7bm8g8

    Disclaimer

    Please understand that your communications with Locke Lord LLP through this website do not constitute or create an attorney-client relationship with Locke Lord LLP. Any information you send to Locke Lord LLP through this website is on a non-confidential and non-privileged basis. Therefore, do not send or include any information in your email that you consider to be confidential or privileged.