Brexit news: Theresa May LAMBASTED by business leaders over Brexit negotiations
The ERT warned that the UK is 'running out of time' to secure a favourable customs arrangement
Speaking at a private meeting with the Prime Minister and Brexit Secretary David Davis, senior representatives from the European Round Table of Industrialists (ERT) stated businesses could cut investment in the UK if the Government fails to provide more clarity over the UK’s future customs plan.
The ERT commented on the discussions, saying: “We appreciate the Prime Minister's openness to ERT views and were able to express our own views and concerns.
“The uninterrupted flow of goods is essential to both the EU and UK economies. This must be frictionless as with a customs union.
“We need clarity and certainty, because time is running out. Uncertainty causes less investment."
The group, which includes bosses from Royal Mail, E.ON, BP and Nestlé, stated that British businesses wanted to secure a post-Brexit trade arrangement which is as frictionless as it currently is within the customs union.