CBI responds as UK and EU agree Brexit deal

Tony Danker, CBI Director-General, said:    

“We congratulate David Frost, Michel Barnier and their teams for this landmark achievement, and we praise the courage of our political leaders in reaching a deal. 

“This will come as a huge relief to British business at a time when resilience is at an all-time low. But coming so late in the day it is vital that both sides take instant steps to keep trade moving and services flowing while firms adjust. 

“Firms will immediately study the details, when they can, to understand the implications for their companies, customers and clients but immediate guidance from government is required across all sectors. 

“Above all, we need urgent confirmation of grace periods to smooth the cliff edge on everything from data to rules of origin and we need to ensure we keep goods moving across borders.

“The UK has a bright future outside the European Union and with a deal secured we can begin our new chapter on firmer ground.”