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Brexit - News

The business of Brexit: Smoothing the UK’s departure

25 May 2017

Negotiating the UK’s withdrawal from the EU will certainly be one of the top priorities for the incoming government and it will not be a simple task. Allie Renison, Head of EU and Trade Policy outlines the top priorities for the next Government’s negotiations with the EU. 

With the official negotiating process set to begin as early as 19 June, just 11 days after the election, the political parties should already be preparing their plans – with some level of detail about negotiating objectives. 

While there are a number of domestic fundamentals which must be boosted to ensure the UK economy stays resilient as Brexit gets underway – including trade promotion and trade policy – EU negotiations remain by far and away the most important and pressing set of trade talks for IoD members.

It is crucial that businesses in the UK face minimal disruption as we leave the EU and the next government will have a challenge on its hands to ensure this process is as smooth as possible.

Below is just a sampling of some our key proposals:

  • The next government should establish a joint customs committee between the UK and the EU as quickly as possible in the negotiations to prevent chaos at the border
  • The government should help businesses prepare for Brexit by helping to offset the costs of scenario planning
  • A cut-off date for when the UK will cease to be included in trade deals currently being negotiated by the EU should be agreed as part of the withdrawal talks
  • Details of the government’s negotiating priorities beyond the current White Paper should be published soon after the election
  • The government should expand functions and resources of UK regulators so they are ready to resume powers as they are repatriated from Brussels 

The Business of Brexit

Allie Renison

Allie Renison, Head of EU and Trade Policy

Allie devises recommendations and represents the voice of members on EU reform matters, helping to provide the link between business and Government on increasing international trade.

Interested in finding out more? 

Visit our General Election hub here and get involved in the conversation on Twitter #IoDElection

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