14 February 2018

  |  CBI Press Team

Press release

"Businesses aren't looking for a bonfire of regulations"

The CBI has responded to a speech by the Secretary of State for Foreign and Commonwealth Affairs, Boris Johnson.

John Foster, CBI Director of Campaigns, said:

“Businesses are 100% committed to making a success of Brexit, and echo calls to consign the labels of Leave and Remain to the past. 

“Evidence, not ideology, should guide the UK’s thinking on a close future relationship with the EU.

"Businesses aren’t looking for a bonfire of regulation – quite the opposite - our aerospace, automotive and chemical sectors, to name a few, all have highly integrated European supply chains that benefit from consistent regulation. And securing alignment of data rules is vital to protect the thousands of innovative businesses that make up the UK’s £240 billion data economy.

“EU nationals make a valuable contribution to our economy and society, paying taxes that fund vital public services. Any new immigration system must meet public concern and desire for greater control as well the needs of the economy. It should include a preferential route for EU citizens – one that doesn’t burden small businesses.

“Business urges both sets of negotiators to seek solutions that will protect jobs and prosperity on both sides of the Channel.”