UK Prime Minister Rishi Sunak has ruled out linkages with Swiss-style EU law to reach a trade deal with the EU, instead allowing an existing Brexit deal that could “provide the country with significant benefits”. I promised.
Speaking at the CBI’s annual conference in Birmingham on Monday, Sunak was pressured to address two key points. business demand Open trade with the EU and allow more immigrants to tackle labor shortages.
Over the weekend, Downing Street was forced to deny reports that Britain was considering a Swiss-style trade relationship with the EU.
snack said. Under my leadership, the UK will not pursue a relationship with Europe that depends on her conformity with EU rules. I voted for Brexit. I believe in Brexit. Brexit can bring enormous benefits and opportunities to a country. ”
He pointed to immigration as one area where Britain has benefited. brexit“We are managing our borders well…we are in control”.
Business regulations will also improve after Brexit, he said. “We need a future-proof regulatory regime so that the country can become an industry leader that will create future jobs and growth. And having the regulatory freedom to do so is a key Brexit opportunity.”
Snak said the UK could now strike trade deals elsewhere, joining the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) to enable tariff-free trade with Indo-Pacific countries. He pointed out negotiations to sign.
Snack has promised the Conservatives will remain the party of business as the opposition Labor Party launches an allure offensive to win British industry.There are many more [the government] can. “
Speaking before the prime minister, CBI chief Tony Dunker called on Sunak to focus on the country’s economic needs rather than political “barriers”, including easing more immigration. . Labor shortage and improved trade with the EU.
Mr Dunker told ministers to introduce tax incentives to support investment in the UK, corporate tax rise to 25 percent.
As prime minister, Sunak had been discussing alternatives to super-deductible allowances that would allow for tax cuts on capital expenditures ending in April.
On Monday, however, the prime minister sidestepped questions about whether he would consider new investment incentives to replace the super-deductible quota next year, instead pointing to existing schemes such as the annual investment quota.
Sunak pledged to ‘start the innovation engine’ in the UK, pledging to support innovative businesses and entrepreneurs.
Prime Minister Jeremy Hunt last week suggested a new government focus on five key industries: digital technology, life sciences, green industries, financial services and advanced manufacturing.
Hunt has also pledged to keep the government’s R&D spending at a level, but by cutting the widely used small business tax credit that has helped spur innovation in the UK, it will help the start-up community. It gave me a shock.
Technology founders and heads of science say the plan, which was touted as an attempt to reduce abuse of the system, could prove backward-looking if Britain is serious about developing companies in important industries. Attacking as a step.
On Monday, Sunak said the UK would have “the most attractive visa system in the world” for entrepreneurs and skilled technical workers.
He also pledged to make plans to help energy-intensive companies with government aid set to end next March. Stated.
Sunak said he knows how “difficult” it has been for energy-intensive companies. But he said, “It’s right and responsible to coordinate how that support works. It will make us more targeted to businesses that need our help.”
He added: “We are aware that there are certain issues with industry groups that are heavily dependent on energy and we need to make sure we have plans for that and the Prime Minister will address that. You can expect to.”