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03-05-2019, 02:00 PM
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Brexit Brief: Big business shut out of future trade talks
Bosses of Britain’s largest businesses have been shut out of a regular meeting with the U.K.’s secretary for international trade, Liam Fox, after details of a previous sit-down leaked to the media.
British business chiefs were told last month in a private meeting with Fox, that the U.K. wouldn’t be able to roll over many of the European Union’s trade deals with non-EU countries in time for Brexit, according to details of the discussions told to the Financial Times at the time. Fox’s Department of International Trade, which is tasked with negotiating post-Brexit agreements between the U.K. and non-EU countries, subsequently wrote to business leaders to cancel future meetings “because information that was shared in confidence during the previous roundtable made its way into the public domain,” the FT reports. It leaves business chiefs in the dark about the country’s trading future with less than a month to go until the U.K. is scheduled to leave the European bloc on March 29. The British Prime Minister Theresa May is, meanwhile, reported to be preparing to head to Brussels this weekend to complete a reworked Brexit deal with European Commission president Jean-Claude Juncker. May will then present the revised exit terms to U.K. politicians on Monday ahead of the next parliamentary vote on her deal before mid-March. Sterling ticked up on news of possible progress in Brexit talks, from $1.31525 at 07:30 GMT to $1.31821 at around 09:00. Elsewhere, Japanese car manufacturer Toyota is reported to have warned that the company is less likely to build new models at its British factories if the U.K. crashes out of the EU without a deal. And Europe’s medicines watchdog has been told it can appeal against a High Court ruling that said the UK’s exit from the EU doesn’t give it the right to walk away from a £500m lease on its Canary Wharf office. Want news about Europe delivered to your inbox? Subscribe to MarketWatch’s free Europe Daily newsletter. Sign up here. </p> Source link More ??????? ??????: Brexit Brief: Big business shut out of future trade talks || ??????: ahlam1399 || ??????: اسم منتداك
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