Terry Scuoler will say that British firms face a ‘tipping point’ before March 2019, when they need to know what arrangements will be in place when we officially leave the EU, as he addresses the President of the European Parliament in Strasbourg on Tuesday.
Scuoler will say: “UK businesses need to know soon what arrangements will be in place after March 2019, to be able to plan, make investment decisions and have confidence that an orderly and carefully managed approach to Brexit is underway.
“If they don’t have that assurance there will come a tipping point, sometime in 2018, when boards in the UK and elsewhere will need to make decisions based on the state of the negotiations at that point. They cannot wait until the end of the process for confirmation of a deal on our departure or future trading relationship.
“They need to know much sooner what transitional arrangements will be in place, and for how long. A failure to do so will damage our collective economic interests, a situation which would be as tragic as it would harmful.”
Scuoler is speaking in Strasbourg at the launch of a CEEMET vision paper on the future of the EU.
