Beating Brexit barriers: Most UK businesses want close regulatory alignment with EU

India UK brexit free trade deal

The CBI's 100-page report, called Smooth Operations, followed thousands of conversations between the lobby group and its members over six months. The EU has also rejected May's approach as cherry-picking.

In a report to be published today, it will set out some of the key post-Brexit regulatory asks relating to the energy sector, including barrier-free trade access and appropriate regulatory convergence with the EU's Internal Energy Market in a bid "to ensure the United Kingdom and the European Union can continue to trade effectively".

Last month, EU leaders left open the option for the UK to change its Brexit policy when agreeing their guidelines for the next stage of negotiations, on the future EU-UK relationship.

Based on "thousands of conversations" with United Kingdom businesses and trade associations, CBI's Smooth Operations report sets out the key "rules that will matter after the transition period", covering 23 sectors of the United Kingdom economy. The UK's export credit agency, UK Export Finance (UKEF) has almost £3bn available to support UK companies doing business in SA, as well as South African companies looking to buy British goods and services.

Neil Carberry, CBI managing director of infrastructure and people, said the report provided "unparalleled evidence" from businesses' experience that will help inform decisions during Brexit negotiations. Both sides should find a way of keeping the trade in goods frictionless.

More news: Advice by Analysts to Buy Technology Stock: Baidu, Inc. (BIDU)

Of the 23 United Kingdom industry and service sectors covered in the report, 18 prefer convergence or alignment for the majority of key business regulations after Brexit, according to the CBI.

The Confederation of British Industry's (CBI) Smooth Operations report seeks to inform Brexit negotiations by outlining where British businesses want to stay close to European Union rules and where they want to break away.

"Deviation from rules in one sector will have a knock-on effect on businesses in others, and divergence from rules in one part of a production process will have consequences for market access throughout entire supply chains".

The position of the former French Prime Minister makes clear that Brussels wants the United Kingdom to remain in the single market and customs union. Our expertise can be SA's expertise, and United Kingdom companies stand ready to help advance economic transformation for SA's future. "It should prevent any reduction of the key pre-Brexit standards".

The employers' group said the EU's single market "is one of the most sophisticated systems of economic rules in existence" and warned "the job of untangling 40 years of economic and regulatory integration is a mammoth one and should not be underestimated".

Related News:

Most liked

Wanted man returns to assault woman - Kingston Police
Then he threatened to shoot her and her sister with a gun he had under the seat, she told police. A coworker agreed that Ulfr had jealous tendencies and Scarr did her best to stay away from him.

Best stocks to buy: Intel Corporation (NASDAQ:INTC)
The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned "Outperform" rating by RBC Capital Markets on Friday, October 2. It dropped, as 60 investors sold INTC shares while 703 reduced holdings. 601 increased stakes while 177 funds bought stakes.

Commonwealth Games: Missing Cameroonian Athletes Rise To 8
Weightlifters Olivier Heracles Matam Matam, Petit David Minkoumba and Arcangeline Sonkbou Fouodji are also among the missing. Tsoye had been due to fight in the men's 91-kilogram boxing quarter-final on Tuesday, but did not show up for the weigh-in.

The New York Knicks part ways with coach Jeff Hornacek
The Knicks have fired head coach Jeff Hornacek after his second season with the club, according to several reports. Hornacek is 161-216 and has never reached the postseason as an National Basketball Association coach.

Obama and Trump not invited to the royal wedding
Opposition leader Jeremy Corbyn and Trump's predecessor, Barack Obama , are also believed to be missing from the guest list. The then-Prime Minister David Cameron, deputy PM Nick Clegg and Labour leader Ed Miliband were among those who attended.

China named 'world's lead executioner' as global rate declines
The report found 93 people were executed throughout the Asia-Pacific region a year ago , a 28 per cent decline from 2016. However, Amnesty did register nearly 22,000 cases of prisoners on death row around the world.

Baby born FOUR YEARS after his parents died in a auto crash
There was no precedent as to whether they could inherit their children's frozen embryos, according to reports. For the next three years, the parents of the couple fought a legal battle to be allowed use of the embryo.

NHL: Penguins start Stanley Cup Playoffs hot vs Flyers
The top team in the East is the Tampa Bay Lightning , and they are at +600 to win the second Stanley Cup in franchise history. The Penguins, Jets and Golden Knights all came out on top, with the Penguins definitely looking like the most dominant team.

Gianluigi Buffon absolutely destroys Michael Oliver in post-match interview
The decision came after Juventus had nearly performed a heroic comeback, scoring three unanswered goals at the Santiago Bernabeu. Oliver was heavily criticised by Buffon and others post-match but Poll hailed his countryman's performance in Madrid.

Smart number plates will soon alert police and ambulances in Dubai
The plates will have screens, Global Positioning System and transmitters by which messages can be displayed and cars tracked. According to Gulf News , the numbers and design of the plates can be changed online via the RTA's website or smartphone app.

Man with stab wound uncooperative with BN police
Police responded to a call that there were shooters in a gold Honda Accord firing at a blue Dodge Challenger, police said. He says officers went to stop a vehicle occupied by a man wanted in an aggravated assault involving a firearm.

School district arms teachers with mini-baseball bats in wake of shootings
In the wake of the Parkland, FL, school shooting , the Millcreek School District is arming its 500 teachers with baseball bats. The Pattonville School District in Missouri is spending $4.3 million on safety and security upgrades, according to The St.

Trump signals strikes against Syria, lays into Assad ally Russian Federation
Putin's statements came shortly after a new batch of threats from by his United States counterpart. It was unclear if his remarks reflected unease about Trump's apparent move toward military action.

US Officials Confirm Israel Hit Syrian Air Base
The UN Security Council plans to meet urgently this Monday to analyse situation in Syria, following alleged chemical attack. Russia's Defence Ministry said two Israeli aircraft targeted the T4 air base in Homs province, firing eight missiles.

British Facebook users notified about what happened to their data
Facebook began informing users this week as to whether their private data may have been wrongly shared with Cambridge Analytica . When that happens, the regulations are likely to be heavy-handed and regressive. "A lot of that depends on you".