Following Theresa May's landmark speech in Florence, TheCityUK responded to welcome her calls for a time-limited transitional period under the existing rules and structures.
Miles Celic, Chief Executive Officer, TheCityUK, said,
“The Prime Minister has set out a clear path - one which will help deliver some much-needed certainty for business. In calling for a time-limited transitional period under the existing rules and structures, she has echoed our industry’s priorities and the calls of businesses on both sides of the Channel.
“Similarly, since the start of the Brexit negotiations, we have been clear on the benefits of mutual regulatory recognition. It’s very positive to see that the British Government supports this principle – one which is in the best interests of all parties.
“The ball is now firmly in the EU’s court and the clock is ticking. Any further delay in progressing negotiations risks additional and unnecessary economic disruption for customers across Europe.”