Business calls for softer Brexit in aftermath of election

An in-depth survey of small businesses undertaken by researchers for Harvard University revealed “almost all” business leaders wanted to retain membership of the single market and customs union to ease trade with the EU and countries with trade agreements with the EU. These account for 61 per cent of UK goods and services exports.

They were also largely content with EU regulations and standards and preferred these to dealing with duplicate sets of regulations if the UK’s rules begin to diverge from the rest of Europe.

“Contrary to much of the media and political commentary, the majority of businesses . . . were broadly satisfied with current regulatory approaches in their sectors . . . many spoke to the overall quality of EU regulations and rulemaking processes,” the report said.

Financial Times, 12 June 2017

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