2 August 2018

Update

As Parliament breaks for Summer recess, businesses remain focused on making the Chequers deal work

CBI acknowledges the government’s Brexit plan is not perfect and has gaps that need filling but highlights that the proposal is enough of a blueprint to start the process of a real trade negotiation.

As Parliament breaks for Summer recess, businesses remain focused on making the Chequers deal work

As Parliament breaks for recess, the CBI has been calling on politicians to prioritise economic pragmatism above politics and dogma. In response to the government’s Brexit White Paper, CBI Director-General, Carolyn Fairbairn, has been setting out the business view of the Chequers deal and stressed the need for compromise to resolve the Irish ‘backstop’ issue.

Writing in the Sunday Times, Carolyn acknowledged the government’s Brexit plan is not perfect and explained that it has gaps that need filling, especially in services, but she went on to highlight that the proposal is enough of a blueprint to start the process of a real trade negotiation.

Read the full Sunday Times article

She also emphasised the three urgent and pragmatic steps that are needed to reassure business and safeguard the economy. The first step Carolyn highlighted was securing urgent agreement on the Irish backstop within the EU Withdrawal Agreement to unlock a transition period starting in March. Once the Withdrawal Agreement is completed, gaps in the White Paper on service and regulation need addressing and filling. Echoing her comments from earlier in the week at the Farnborough Air show, Carolyn called on EU negotiations to engage constructively with these serious UK proposals, warning that a Canada-style free trade deal would be a very poor outcome.

For more information, insight and intelligence on the latest Brexit developments and its implications, visit the CBI’s Brexit hub, or contact EUNegotiations@cbi.org.uk.