BAB Statement - Article 50 Triggered

Posted March 29, 2017

BAB Statement - please attribute all comments to BritishAmerican Business CEO Jeffries Briginshaw

"Today, the UK Government officially notified the European Commission of its intention to withdraw from the European Union. While the majority of BritishAmerican Business members had not been in favor of leaving the EU, they remain fully committed and ambitious when it comes to their business in the UK and in the transatlantic economy.

"Our members want the UK to remain an attractive place to live, work and invest in. For that to work, it is imperative that the UK makes its relationship with the EU work for business and that Government delivers on its promise to offer the business community a clear and realistic time frame and pathway for an ambitious future relationship with the EU, post-Brexit, right from the start of the negotiations.

"We welcome the UK Government’s efforts to consult and work with the business community in this important time of change, and we look forward to increasing the level of exchange between all departments involved; particularly as the negotiations will need to address complex issues, such as talent mobility, data flows, customs and regulation/ standards. It will be critical to provide clarity on how these issues are addressed during the time of the negotiations and after in order to minimize business disruption and facilitate the transition to the post-Brexit state.

"BritishAmerican Business brings together leading British firms and major US investors, who alone stand for 46% of Foreign Direct Investment in the UK. During these uncertain times, the UK-US economic relationship is, and remains, a significant source of strength and opportunity. To further build on this transatlantic relationship, it is important that the relationship between the UK and the EU delivers a healthy business environment for both the UK and the EU".

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For more information please contact: Tim Horan, Communications Manager
Email: thoran@babinc.org; Tel: +44(0)207 2909878