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Friday, 09 February, 2018

Meanwhile, free trade deals with non-EU countries would add less than 1 per cent to the long-term growth of the United Kingdom economy, The Times reported citing a leaked government analysis of Brexit.

Japanese firms have spent more than 40 billion pounds ($56 billion) in Britain, encouraged by successive governments since Margaret Thatcher promising them a business-friendly base from which to trade across the continent.

"I'm sure the PM will be reiterating that when she meets the companies today, and also the commitment to securing an implementation period as soon as possible to give them a period of time to adjust to the new relationship that we are going to build with the European Union".

"So it is as simple as that", he said.

According to economists, the benefits from boosting trade with non-EU countries would not offset the slower growth forecast under every form of Brexit.

Major corporations have sought a two-year transition period, which they hope will ease Britain into its new relationship with the bloc.

That could include reimposing tariffs or customs checks, both of which Britain is supposed to be free of as a member of the European Union internal market during the transition to December 2020.

But it comes amid fresh debate among business over Brexit negotiations.

"The point about frictionless trade and tariff-free trade was made in the meeting and acknowledged by the government and all sides as being important but nothing firm", the source, who spoke on condition of anonymity, said.

Following the Brexit vote, Tokyo wrote a letter to the British Government urging it to keep free movement of people and remain in the single market and customs union.

"What we're about is building an implementation period, which is to build a bridge to a future where we work well together", said Brexit minister David Davis. Alibaba takes equity stake in Ant Financial
Alibaba , which was founded by Jack Ma , the internet entrepreneur, is the world's second largest e-commerce company after Amazon. This will give Zomato more power to battle in the foodtech industry where it competes with Swiggy, FoodPanda and UberEATS. Revenue Estimates Analysis Of Alibaba Group Holding Limited (BABA)
It has outperformed by 40.63% the S&P500. (AMZN) stake by 5.44% reported in 2017Q3 SEC filing. (AMZN)'s stock rose 13.58%. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security. CBS, Viacom boards weigh merger again with Redstone's support Justin Timberlake says Janet Jackson won't be joining him at Super Bowl Celebrity Big Brother champ Courtney Act takes final swipe at Ann Widdecombe