Britain Forms Brexit Business Group

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The British authority on Tuesday said it was creating an advisory group, reportedly made up of the nation’s main business lobby organisations, as it adjusts its exit from the European Union.

Business Secretary Greg Clark said, “the government is creating a new EU exit business advisory group to ensure the business is not only heard but is influential throughout the negotiations.”

“Since the referendum, I’ve held discussions with businesses, workers and local leaders across the UK and investors all around the world,”

“These will continue over the coming months, including my weekly meetings with the director generals of the five main business organisations,” Clark added.

Sources said the advisory group would be made up of five organisations: the Confederation of Business Industry, manufacturers’ grouping the EEF, the British Chambers of Commerce, the Institute of Directors and the Federation of Small Businesses.

British business heads have for months advised the government to rule out a hard break with the European Union that would see Britain’s withdrawal from the single market or tariff-free zone, while also ending the free movement of people.

They have also argued that risk over the terms of Brexit was impacting investment decisions and warned against a situation where Britain drops the EU single market without having a new trade deal in place that would mean returning to trading under World Trade Organization laws.

However, since Prime Minister Theresa May’s Conservative party lost its parliamentary majority in Britain’s snap general election this June, the prospect of a hard Brexit has declined.