Managers of clubs in the UK’s EU exit warning

Reuters

Great Britain of the five largest business lobby groups are calling for an urgent Brexit transition, or to warn Britain risks losing jobs and investment.

In a joint letter to Brexit Secretary David Davis, the groups, including the Institute of Directors and the CBI, which is to say, the time is running out.

Sources told the BBC that the letter is still in draft, but will in the next day or two.

A government spokesman said the talks were making “real, tangible progress”.

The other lobby-groups the letters of the British chambers of Commerce, the Federation of Small businesses and the EEF manufacturing body.

Together, these companies represent the employment of millions of workers.More Concessions

There is a growing fear among the companies, what they see as a lack of progress in the Brexit negotiations.

One of the five groups, told the BBC that it was felt in a joint letter would “emphasize our desire for a deal and clarity”.

They say it is important that the Brexit transition time corresponds as accurately as possible current trading arrangements with the EU.

Theresa May has suggested, a period of approximately two years, with the UK and EU trade on broadly similar terms and conditions and payments to Brussels at a meeting with England’s budget obligations.

But although the EU have agreed under the dealer, begin the initial work on a future relationship, you still want more concessions to the UK, the so-called “divorce payment” before the talks on trade and transition.

Sky News and the Guardian reported that they had seen the draft letter, which States that an agreement on a ” transition “is necessary as soon as possible, as the companies prepare to tough decisions at the beginning of 2018, will have the consequences for jobs and investment in the UK”.

The letter adds that, allegedly: “It is important that the company has only then, make an adjustment as a result of the British withdrawal, not two, and that company, the British government and authorities in the EU have enough time to make the changes that is required to Brexit.”

The BBC understands that the business groups want the contents of the letter remain private.

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Concerned about the loss of UK jobs and investment, underlined last week, as the boss of investment banking giant Goldman Sachs, Lloyd Blankfein, who tweeted that he was “much more time” in Frankfurt.

Goldman Sachs employs about 6,000 people in London, is expanding its presence in the German financial city in front of Brexit.

Earlier this month, the Deputy Governor of the Bank of England, Sam Woods, has warned that the UK and the EU to agree a transition would have to begin offering Christmas or company, trigger contingency plans.

And in a survey published on Monday, EDF said that Brexit uncertainty held back, and the plans of the companies in the manufacturing industry invest in new equipment and machinery.

The EDF said that the prospects for investment among the members was balanced fine, with 51% intending to spend more money in the next two years. For the rest, the uncertainty about the UK’s exit from the EU planned expenditures held back.”Very technical”

Mr Davis is appeared because of a trip to Paris for Brexit talks on Monday to France, as the hardliners of the EU member States when it comes to the divorce bill.

The Prime Minister is also due to the update to the Commons on Monday about the progress made during the last week the summit of EU leaders in Brussels.

It is believed that the woman Can say that negotiations are “deep technical”, but she has not forgotten that the lives of millions of people are at the heart of the process.

A spokesman for the Department for withdrawal from the European Union, said the Prime Minister suggested a strictly time-limited implementation time in Florence speech, and it had been clear that the approval of this principle the companies to minimize early in the process unnecessary interference.

He said: “We are making real and tangible progress in a number of vital areas in the negotiations. However, many of the problems that remain are connected with the discussions that we need to be on our future relationship.

“That is why we are pleased that the EU agreed now, the internal preparatory discussions on the framework for a transitional arrangement, as well as our cooperation in the future.”