Now the European Council has given the green light for Brexit negotiations to proceed to the second phase, the financial and related professional services industry wants transitional arrangements discussed and agreed as a top priority.
Miles Celic, Chief Executive Officer, TheCityUK, said,
The first great Brexit hurdle has been cleared. It is right to celebrate this progress, but the momentum must now be maintained to deliver the future UK-EU relationship. That job is not yet done.
Nearly one year into the negotiations, many of the critical issues relevant to our industry are yet to be discussed. Businesses, their employees and customers continue to face uncertainty. To address this, rapid progress needs to be made towards agreeing a transition period and further clarity provided on the shape of the final deal. It’s time for the negotiators on both sides to crack on and focus on the future.