Britons rushed for European Union passports in #Brexit vote year


The organisation's Director-General Carolyn Fairbairn says the task of unpicking 40 years" economic and regulatory integration is complex and colossal, adding that the new report, called "Smooth Operations' is based on thousands of conversations with United Kingdom businesses, as well as dozens of leading trade associations.

Leaving the European Aviation Safety Agency (EASA), for instance, would leave the United Kingdom in a regulatory "no man's land" without influence over either the EU or USA rule making - the dominant markets for aerospace.

Agriculture was one of the sectors which the CBI report said could benefit from distance from European Union rules.

It provides an A to Z of the rules that will matter after the transition period.

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Russian Federation is accusing Israel of launching eight missiles into Syria; Conor Powell has the latest live from Jerusalem. President Donald Trump to normalize diplomatic relations and establish an embassy in Pyongyang.

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.

A Government spokesman said: "We want the broadest and deepest possible partnership - covering more sectors and co-operating more fully than any Free Trade Agreement anywhere in the world today".

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.

Moreover, it finds that changes to rules in one sector could have significant knock-on effects for companies in other sectors and throughout supply chains.

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We think "aggregate sales balance", which includes both trade and sales generated locally, can show a more comprehensive picture. He said countries must work together to promote greater liberalization and to support "the multilateral trading system".

The survey results follow news India has called on Britain to do free-trade after Brexit in a massive boost for the UK.

It also argued a bespoke solution to preserve the single electricity market across the island of Ireland would be "critical" to protect the interests of business and consumers in the Republic of Ireland, Northern Ireland, and the rest of Great Britain. In any event, a key element of the sector's future success will be a stable and proportionate regulatory environment with appropriate checks and balances. But May's insistence on it is one of the obstacles that will prevent the United Kingdom from keeping its access to Europe's single market after the split.

Across the United Kingdom, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors.

A sector-by-sector summary of rules and regulations desired by businesses as part of the CBI's extensive consultation can be found at the start of the report.

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