In her speech on 17 January 2017, the Prime Minister set out her most detailed plan yet on the Government’s intentions for the UK-EU negotiations.
Businesses will take a keen interest in what the speech could mean for the UK’s future trading relationship with the EU and the rest of world. This piece analyses the Prime Minister’s speech using 6 key principles the CBI set out in its Making a Success of Brexit report in December 2016.
1. Business wants the Government to achieve a barrier-free relationship with our largest, closest and most important trading partner
Single Market - We now know for certain that the UK will be leaving the European Single Market and seeking a comprehensive Free Trade Agreement. Ruling out membership of the Single Market does narrow down the options that Government has, and raises many questions. However, the Prime Minister’s ambitions are to keep trade tariff-free and barriers to trade as low as possible, an