Businesses have called on the government to plan interim arrangements to aid the transition from the day of Brexit onwards, claiming two years will not be long enough to properly extract the UK from the complicated EU regulatory framework as well as set up new agreements and regulations.
Fears were also raised of the Prime Minister’s intent to adopt “British rules” and remove the UK from the influence of the European Court of Justice, fearing it will put negotiations for preferential trade at risk.
However, it accepted that it could be difficult to put forward the benefits of a continued relationship with the EU forward to a distrusting public.
“When it regulates well, the EU is a leading enabler of that principle. Whether it’s around rules for drivers in the transport, distribution and logistics sector or standards in manufacturing, fair international competition is important to business. It will be a challenge for government to communicate this in the political environment,” the report said.
