Post Publishing of Brexit White Paper
By Alex Chadwick, London Managing Partner
"The White Paper from the UK Government confirms the triggering of Article 50 by the end of March. And, with the UK economy proving resilient, the Government is in a strong position to start negotiations.
"David Davis [Secretary of State for Exiting the European Union] has stated that with many of the rules, regulations and standards in the UK already the same or aligned to the rest of the EU, the focus needs to be on maintaining close cooperation while ensuring new barriers do not arise, nor additional red tape and increased regulation, which causes a burden for businesses. This is welcome news to those businesses, including us and our clients, who trade extensively with Europe or operate across the EU.
"There is confirmation, as highlighted in earlier speeches, of the UK Government wanting a Free Trade Agreement (FTA) with the EU-27 giving UK companies as much freedom to trade with and operate within European markets as can be negotiated/agreed between the parties. We welcome the UK Government's intention to enter into a new customs agreement with the EU and we hope that it will result in as much frictionless trade as possible.
"And with all businesses, people are key to the success of any operation so confirmation that Britain will remain open to international talent is good for both the businesses themselves and the individuals who choose to work and make their home in the UK.
"Once Article 50 is triggered and the negotiations start in earnest we hope that, as the Prime Minister stated, we will achieve an agreement that will mutually benefit people and businesses in Britain and the EU."