UK’s EEF wants a 5 year Brexit transition period
|The Telegraph carried a story on Wednesday that focused on a report published by the Institute of Directors (IoD) as well as by the UK's engineering and manufacturing trade body (EEF), noting the following:
"... business people must not wait for the outcome of negotiations before undertaking their own planning and consultation in an attempt to minimise the potential for disruption to existing commercial relationships."
Companies should be more proactive than simply responding to the government's consultations and waiting for the result of the negotiations
The IoD study also found that companies have recovered much of the optimism that was lost at the time of the Brexit vote
Walking away from the EU is "not an option"
The EEF wants a transition period, but argues for a longer term lasting "at least" five years
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.