BPF backs business leaders: The UK needs to strike a deal before leaving the Single Market

7 Jul 2017

Policy area: Brexit

The British Property Federation (BPF) today announces its support of the CBI’s proposal that the UK seeks to stay inside the EU single market and a customs union until a final deal is in force.

Ahead of today’s “Making a Success of EU Exit” summit at Chevening country house hosted by the Brexit secretary, David Davis, the BPF is calling for Government to ensure certainty as Brexit negotiations unfold – to protect business and investor confidence.

Transitional arrangements, until the UK and EU have agreed a deal for a win-win scenario, will provide business continuity and avoid a damaging cliff edge for the economy.

Melanie Leech, Chief Executive, British Property Federation comments:

“It’s critical for the long-term health of the UK economy that the Government maintains business and investor confidence as it negotiates a new relationship with the EU. Real estate underpins all economic activity in the UK and we support the CBI’s call for the Government to ensure a smooth transition, providing businesses with certainty as soon as possible so that they will not face a cliff-edge scenario in 2019.”