CBI responds to continuation of UK-EU trade negotiations

Tony Danker, CBI Director-General, said: 

“The news that talks will continue gives hope. A deal is both essential and possible. It is the only way to build upon the extensive support for the economy given by all governments during the pandemic. Without it, that progress is undermined.

“Ongoing delays are frustrating and cost businesses. But it is vital to make use of the time. Government must move with even more determination to avoid the looming cliff edge of January 1st. That means taking three bold steps.

“First, give more detailed guidance for businesses this week. From IT roll out to border checks, every question that can be answered, must be answered.

“Second, agree negotiated grace periods to allow firms to adjust to either Deal or No Deal. That means supporting Northern Ireland and agreeing pragmatic approaches on issues including data, aviation, haulage, financial services and product registration. Without these, disruption will blight the start of the new year.

“And third, prepare support for firms who will face the greatest challenges in the short run. Those in sectors and supply chains that are badly hit will face extinction through tariffs, red tape and extra costs. We need to ensure those firms survive to play a role in post Brexit Britain.”