Carolyn Fairbairn, CBI Director-General, said:
“Business will welcome the fact the Government has reached agreement. This is a genuine confidence boost and the Prime Minister deserves credit for delivering a unified approach.
“Initial signs suggest the proposal is based on the evidence firms have provided on the impact on jobs and living standards. That is good news – particularly the free trade area for goods, which the CBI and its members have long called for.
“The hard work starts now, and time is a challenge. It has taken two years for the UK to agree its position; we now have two months to agree it with Europe. But it’s a good starting point.
“As negotiations begin in earnest, business insight has never been more important. Detail matters - from customs arrangements to the need for the Government to keep fighting for our world leading services.
“Europe’s leaders must approach this proposal with an open mind and flexibility, putting jobs and economic growth at the heart of a future deal that delivers for both sides.”