Bucharest, 15 November 2018 – The UK Government has published a summary of the proposed withdrawal deal with the EU. One of the largest concerns for businesses, investors and others is the degree of uncertainty surrounding the terms on which the UK is proposed to leave the EU on 29 March 2019 – as expressed by Chamber members as recently as yesterday’s breakfast briefing with a UK delegation on data protection and sharing in the context of the UK’s departure from the EU. Whilst the UK Government’s summary of the proposed withdrawal agreement should address some of these uncertainties, members should remain aware that the proposed withdrawal agreement remain subject to Parliamentary approval.
Neil McGregor, Chairman of the BRCC said:
“The news that an agreement in principle on the UK’s proposed withdrawal from the EU has been reached is welcome in that it will help to address the uncertainty which businesses and business people have had to cope with since the vote to leave the EU in the UK’s 2016 referendum. Whilst it is not appropriate for the BRCC to express any political opinion on the substance of the matter, it is to be hoped that the parliamentary and governmental authorities on whose approval the proposed Withdrawal Agreement depends will bear in mind that with 29 March 2019 rapidly approaching, reaching a settled position on the UK’s relationship with the other countries of the EU as quickly as possible is extremely important for business confidence.”
The text of the UK Government’s summary of the proposed Withdrawal Agreement in English can be found here.