May promises no 'cliff edge' Brexit for UK businesses

Will negotiate for transition period

clock • 2 min read

Prime Minister Theresa May has promised business leaders she will not let companies fall over a Brexit "cliff edge" and will aim to negotiate a transition deal to ease the UK's departure from the EU in March 2019.

May (pictured) told the first meeting of a new Downing Street business council she will fight for an "implementation phase", amid warnings the City could haemorrhage jobs unless she delivers clarity on her exit strategy soon. FCA hires extra staff to cope with Brexit workload Chancellor Philip Hammond, who backed the Remain campaign prior to the referendum, has argued for a transition lasting two years or more, during which Britain would have a very close associate relationship with the single market and the customs union. Meanwhile, pro-Brexit ministers such as Michael Gove and Li...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read