LONDON (Reuters) – Britain must not exclude its huge services industry from a planned trade deal with the European Union as the price for reclaiming control over its economy, a group representing British employers said on Monday.
FILE PHOTO: Britain’s Prime Minister Boris Johnson leaves Downing Street in London, Britain February 12, 2020. REUTERS/Hannah McKay
The Confederation of British Industry urged Prime Minister Boris Johnson to secure a post-Brexit deal that will not leave out service industries, such as finance, something many employers fear if London and Brussels stick to their guns.
Avoiding costly red tape and customs complexities were also vital for goods companies, the CBI said.
Britain and the EU are expected to begin talks for a trade deal next month, leaving little time before a post-Brexit standstill period expires on Dec. 31.
Most economists polled by Reuters this month thought the most likely outcome would be a goods-only deal.
Relations between Johnson and some business groups have been strained by his dismissal of their concerns about Britain’s exit from the EU.
Carolyn Fairbairn, the CBI’s director-general, said British companies back