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Brexit Puzzle 

 

LONDON, Friday 22 September

BritishAmerican Business (BAB) welcomes Prime Minister Theresa May’s speech in Florence, stating, however, that on Brexit there is still a long way to go for businesses to feel the clarity they need.  

Speaking on the Prime Minister’s remarks, Wendy Mendenhall, BAB Global Executive in Charge, said:

“The transatlantic business community welcomed today’s speech by the UK Prime Minister in Florence, Italy, which emphasized the UK’s commitment to address global challenges and its willingness to build on the foundations the UK laid within a successful EU”. 

“In particular, our business community welcomes the announcement that the UK will seek to establish a period of implementation after Brexit. Minimizing disruption to business through an agreed transition period, therefore avoiding a ‘cliff-edge’ scenario, was and continues to be crucial to our community, which includes major American investors and leading British firms”.

“Our community will continue to advocate for an outcome that best serves both the UK, US, and the EU economies, its citizens and our businesses; many who operate daily across borders”.

“As businesses continue to assess the impact of Brexit to the UK’s attractiveness as a destination for business and investment, it is crucial that both parties continue to engage in a constructive and on-going dialogue with the business community and deliver the best possible Brexit outcome available.