Times Publications

Britain’s bosses be invited to Chevening business summit

Executives from some of Britain’s biggest businesses will hold talks with the Brexit Secretary later this month, days after the Government is due to set out plans for the UK’s future relationship with the EU.

Posted by Times News on Tuesday, 3rd July 2018

The FTSE 100 and major international companies from across the economy to be invited to a summit at Chevening House, the country residence he shares with two other Cabinet ministers. Report from Sky News yesterday

It will be the first such meeting that Minister has convened with business leaders since last autumn.

According to the invitation circulated to dozens of bosses, the Brexit Secretary is keen "to use this opportunity to assemble another group of business leaders from across the economy, including some new voices who were unable to join us last time, to continue the dialogue".

The Chevening meeting has been arranged for 20 July, roughly a week after ministers are expected to publish a white paper that Theresa May has promised will outline a "detailed and precise" vision for the UK’s post-Brexit relationship with Europe.

The Prime Minister will hold a meeting with Cabinet colleagues this Friday at which a new plan for future customs arrangements, navigating a path between pro-Brexit and pro-Remain ministers, will be discussed.

A source said the meeting between Ministry and business leaders would provide an opportunity for him to rebuild bridges with the private sector following weeks of confrontation which culminated in Boris Johnson, the Foreign Secretary, saying "F*ck business" during a diplomatic event.

Relations between the Government and business leaders who favour a so-called ’soft Brexit’ have been strained since the June 2016 referendum, with five major lobbying groups last week demanding an end to the impasse with EU negotiators.

A recent warning from Airbus about the impact of a ’no-deal Brexit’ on its supply chain and consequences for its British manufacturing operations has further strained relations with ministers.

It has also thrown into sharper focus the behind-the-scenes discussions taking place between soft-Brexiters such as Greg Clark, the Business Secretary, and major UK inward investors.

Editor: Jian Ping Sun



Belt and Road Portal

- is a development strategy proposed by China's paramount leader Xi Jinping that focuses on connectivity and cooperation between Eurasian countries.

China Import Export Fair

- or Canton Fair is a trade fair held in the spring and autumn seasons each year since the spring of 1957 in Canton, China.

Department for International Trade

- is a United Kingdom government department responsible for striking and extending trade agreements between the United Kingdom and non EU states.
Network Business Directory View Our Network Business Directory or click here to register.
Social Media You can visit our social media pages using the buttons below.
Newsletter Subscribe to our newsletter to stay up to date with our latest news.