Business Headlines

Brexit Talks Should Focus on Economy, Say Business Lobby Groups

published Aug 27, 2017 6:01:00 PM, by Emma Charlton

(Bloomberg) —Brexit negotiators reconvening in Brussels should focus on the economy on both sides, the British Chambers of Commerce and the Association of German Chambers of Commerce said.

The two lobby groups on Monday called for clarity and certainty as the latest round of divorce negotiations begins. Critical areas that are yet to be resolved include worker’s rights, customs arrangements and tax procedures, the chambers said.

There is great uncertainty in the business community all across Europe, they said in a joint statement on Monday. A survey by the German group has found out that the business outlook of companies that are engaged in trade with the United Kingdom is worsening, due to the expectation of cost burdens from limits on free movement of workers, taxes, tariffs and increasing bureaucratic hurdles at Europe’s new borders negatively affecting business on both sides.

Work must begin on transitional arrangements, to give firms confidence to make investment decisions, Adam Marshall, the BCC director general, said in the statement.

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Walt Alexander

Walt Alexander

Walt Alexander is the editor-in-chief of Men of Value. Learn more about his vision for the online magazine for American men with the American values—faith, family & freedom—in his Welcome from the Editor.

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