10 Downing Street
PM business briefing: 26 November 2018
Prime Minister Theresa May hosted a business briefing in Downing Street.
A Downing Street spokesperson yesterday said:
The Prime Minister hosted Chairmen and CEOs from some of the UK’s largest employers and investors this evening for a short presentation and question and answer session following the EU Council on Sunday.
Over 100 leaders representing a range of sectors including financial services, advanced manufacturing, food and drink and retail attended, alongside business organisations and trade associations.
The Secretary of State for Exiting the European Union, Stephen Barclay, opened the session and this was followed by a technical briefing from senior officials. The Business Secretary and the Chancellor were also in attendance.
The Prime Minister then gave a short address, she yesterday said:
I am acutely aware that for employers like you this is about realities on the ground and the practicalities of doing business. That is why, since I became Prime Minister, I have been clear in my desire to secure a Brexit that honours the result of the referendum in a way that protects jobs and economic growth.
The Withdrawal Agreement endorsed by leaders in Brussels yesterday does many things. It ensures our smooth and orderly departure on 29th March next year. It delivers a time-limited Implementation Period, during which trade will continue on current terms, so you have time to prepare for the new arrangements and only face one set of changes. It protects the rights of EU citizens living in the UK and UK citizens living in the EU, meaning no disruption to your existing workforces and it meets our commitment to ensure there is no hard border between Northern Ireland and Ireland – and no customs border in the Irish Sea. Having spoken to many of you over the past two years I know just how important it is that you continue to enjoy frictionless trade with the rest of the EU.
On the Political Declaration she yesterday said:
It includes a new Free Trade Area with no tariffs, fees, quantitative restrictions or rules of origin checks – an unprecedented economic relationship that no other major economy has. It includes liberalisation in trade in services well beyond WTO commitments and building on recent EU Free Trade Agreements. It includes new arrangements for our financial services sector – ensuring market access cannot be withdrawn on a whim. And regulatory autonomy will be preserved, but we will each ensure that our approaches are transparent, efficient and compatible as far as possible, doing all we can to avoid unnecessary regulatory requirements.
So taken together, the Withdrawal Agreement and the broad terms of our new relationship, should provide your businesses with the reassurance and certainty that I know is so important to you.
Representatives from businesses including BT, Shell and Blackrock and trade associations including the National Farmers Union and London First asked questions.
Information about EU Exit including the article 50 process, negotiations, and announcements about policy changes as a result of EU Exit
Latest News from
10 Downing Street
PM meeting with the Prime Minister of Malta: 11 February 201912/02/2019 16:20:00
Prime Minister Theresa May met Prime Minister Muscat at Downing Street.
PM's statement to the House of Commons on Brexit: 12 February 201912/02/2019 13:42:00
Prime Minister Theresa May gave a statement to the House of Commons on Brexit.
Joint statement on behalf of the Prime Minister and President Juncker07/02/2019 16:51:00
Prime Minister Theresa May met President Juncker in Brussels.
UK to host NATO 70th anniversary meeting07/02/2019 11:20:00
Prime Minister Theresa May's statement given yesterday on the UK hosting the NATO 70th anniversary meeting.
PM speech in Belfast: 5 February 201906/02/2019 12:20:00
Prime Minister Theresa May yesterday gave a speech in Belfast.
Council of Local Enterprise Partnership Chairs meeting: 31 January 201901/02/2019 13:20:00
Prime Minister Theresa May yesterday chaired the second meeting of the Council of Local Enterprise Partnership (LEP) Chairs at Downing Street.
Readout from PM Business Council: 30 January 201931/01/2019 16:20:00
PM Theresa May hosted the first meeting of her Industrial, Manufacturing and Infrastructure Business Council at Downing Street.
PM statement to the House of Commons: 29 January 201930/01/2019 13:20:00
Prime Minister Theresa May yesterday made a statement to the House of Commons.