BritishAmerican Business Welcomes New Brexit Deal

On Oct. 17, the United Kingdom and the European Union reached an agreement on a new Brexit deal, which must now be approved by Parliament.

A historic special Saturday session of the House of Commons is scheduled for Saturday, Oct. 19 to debate and vote upon the proposed agreement. How the vote will come down is entirely uncertain at present.

BABC-Pacific Northwest fellow BritishAmerican Business Network Member in London has issued the following press release:

October17 (London/New York) Today, the the UK Government and the European Commission announced that a new deal has been reached, paving the way for the UK’s departure from the European Union (EU).

The changes are contained in a revised Protocol on Ireland / Northern Ireland and a revised Political Declaration on the framework of the future EU-UK relationship.

Commenting on the proposed deal, BABC BAB CEO, Duncan Edwards, said:

“We welcome the fact that a new deal has been agreed and congratulate the UK Government and the European Commission for having worked constructively towards achieving this.

“The prospect of a ‘no-deal’ exit was not in the interest of business, particularly the transatlantic community of major British firms and leading US investors that we represent. Every day that passes with the real prospect of a ‘no-deal’ makes it harder for businesses to make investment decisions which would benefit the UK economy, UK workers, and the transatlantic corridor.

“The new Withdrawal Agreement offers certainty on citizens’ rights, the financial settlement, the future of Northern Ireland, and most importantly, it puts in place the transition period that we as a business community have repeatedly called for.

“We therefore urge both the UK Parliament and the European Parliament to approve the deal so that the UK can start defining its new relationship with the EU and the rest of the world.

“If this agreement passes, as it should, the next stage of negotiations, defined in the new Political Declaration, will need to begin immediately. There should be renewed urgency around these talks in order to reach agreement by the end of the Transition Period in just 15 months, to avoid another dangerous cliff-edge.”

###

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Social Media

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon
  • Grey LinkedIn Icon

Pacific Northwest Chapter

704 228th Ave. NE, #436

Sammamish, WA 98074

206.792.9415

membership@babcpnw.org

Policies & Terms

2020 Website Sponsor

Moore Kingston Smith

Moore Kingston Smith is a dynamic, leading UK firm of accountants and advisers to businesses which range from entrepreneurial start-ups through to large international groups. The firm is a leading member of Moore Global, a worldwide accountancy and consulting network of more than 260 firms, helping to navigate the complexities and opportunities of business on local, national and international levels. Moore Kingston Smith has a dedicated North America Group of international expansion specialists that have been supporting both UK companies planning to expand to North America and businesses from across the Atlantic looking to enter the UK market for over three decades.

© 2017 British-American Business Connections