Left Menu
Development News Edition

Boost for May after winning business leaders' backing for Brexit deal

Boost for May after winning business leaders' backing for Brexit deal

British Prime Minister Theresa May on Monday won support from big business for her draft Brexit deal ahead of "intense negotiations" with Brussels in the coming week.

May told the Confederation of British Industry (CBI), the UK's main business lobby group, that she was "determined to deliver" her Brexit deal as she prepares for Sunday's European Council summit to sign Britain's divorce papers.

"We now have an intense week of negotiations ahead of us," she told some 1,000 business leaders at the CBI annual conference in central London.

"During that time I expect us to hammer out the full and final details of the framework that will underpin our future relationship.

"I am confident that we can strike a deal at the Council that I can take back to the House of Commons."

The embattled premier, whose cabinet grudgingly approved her EU divorce draft last week, faces an uphill challenge to pass her deal through a sceptical parliament.

She admitted that the final phase "was always going to be the toughest." The Brussels negotiations will finalise a parallel political declaration setting out a road-map for post-Brexit negotiations on future EU-UK ties.

CBI chief Carolyn Fairbairn gave qualified support for May's draft deal, telling the conference that "it is not perfect, it is a compromise, but it is hard-won progress."

She earlier said that the deal would move Britain "one step away from the nightmare precipice of no deal.

"It offers that essential transitional period as a step back from the cliff-edge," she said.

Responding to reports that EU chief Brexit negotiator Michel Barnier had raised the prospect of extending the transition deal until the end of 2022, May said it was "important that we are out of the implementation period by the next general election", scheduled for May 2022.

Addressing the issue of immigration, a concern for many businesses who fear they will face skills gaps after Brexit, May promised to introduce "more streamlined application processes" that will "attract the brightest and the best from around the world".

"But the difference will be this: once we have left the EU, we will be fully in control of who comes here," she said.

"It will no longer be the case that EU nationals, regardless of the skills or experience they have to offer, can jump the queue ahead of engineers from Sydney or software developers from Delhi."

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.



Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....


Latest News

Divij-Artem enter quarterfinals of Delray Beach Open

Indias number two doubles player Divij Sharan along with his Kiwi partner Artem Sitak defeated the Swede-French pair of Andre Goransson and Ugo Humbert 5-7 6-4 10-7 to enter the quarterfinals of the Delray Beach Open here. Divij and Artem w...

Court seeks response from Tihar on convict Vinay's plea; directs to file reply on Saturday.

Court seeks response from Tihar on convict Vinays plea directs to file reply on Saturday....

2 more Russians on cruise ship diagnosed with virus

Moscow, Feb 20 AP Two more Russians aboard the Diamond Princess cruise ship quarantined in Japan have been diagnosed with a new virus, the Russian Embassy in Japan said Thursday. The two will be transferred to a hospital in Japan for treatm...

Lebanon's Aoun vows accountability over financial crisis-Twitter

Lebanese President Michel Aoun said on Thursday measures would be taken to hold to account all those who contributed to Lebanons financial crisis through illegal actions be they transfers abroad, manipulation of Eurobonds or other acts.Ther...

Give Feedback