AS a result, The situation of Brexit and the single market is an important one. Should the UK remain in the EU single market after Brexit, or should it not? Brexit is the name given to the UK leaving the European Union, something that now seems cast in stone after last year’s referendum on the subject.
The Engineering Employers’ Federation was originally formed in 1896. However, it has since expanded its scope to include manufacturing in general. As a result, the EEF has stated that the UK government’s negotiations with the EU on its exit (Brexit) must a more pro-business stance. A failure to so could result in businesses leaving the UK. The EEF believes it essential for UK businesses to be part of a free trade association with Europe, fundamentally the EU free market.
The EEF believes it important that the UK stays in a customs union. Consequently, there should be no restrictions regarding UK companies trading with the EU. Business confidence has plummeted after the recent unexpected general election resulting in a hung parliament. Furthermore, there are fears that there may be another election, as soon as this year.
It is important to UK industry that next week’s Brexit negotiations include the free market high on its agenda. Most business groups take the view that a ‘hard Brexit’ is no longer possible. That ’hard’ form of secession from the EU would involve leaving each of these:
First and foremost, with any deal regarding Brexit, a new trade deal with the EU must be the major priority. British businesses must have access to the single European market that its European competitors have. The EEF considers that Brexit negotiations must make access to the EU single market the main priority. Without access to the free trade agreement between EU members, British industry will find it very difficult to compete.
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