PM May Gets Warnings From Major Businesses Over Britain’s Exit From EU

Theresa May is facing a tough time in regards to the exit of Britain from the European Union. A section of the major companies like BMW, BP, Nestle, and Vodafone have warned the Prime Minister that the time is elapsing. They have decided to cut on the investments without offering much clarity on the subject.

A meeting was held in the Downing Street that was highly productive as it openly discussed the concern. Post the meeting the companies demanded that the trade deal with the European Union should be smooth. They also warned regarding depreciating the investment with elevating uncertainty.

ERT or the European Round Table of the Industrialists is an amalgamation of the largest 50 companies of Europe. It has millions of employees and produces revenue of €2.25 trillion which is £2 trillion.  This group comprises Carl-Henric Svanberg, the Chairman of BP along with his Nestle partner Paul Bulcke.

Along with them, the people who have attended the meeting are Royal Mail, Vittorio Colao, and Moya Greene, who are the Chief Executives from Vodafone. The meeting was also attended by David Davis, the Secretary of Brexit, and Theresa May apart from the top officials from the companies like Philips, BMW, Ferrovial, and E.On.

As per ERT, the unrestricted flow of goods is inevitable for both the economies of the UK and EU. The group also sought certainty as well as transparency regarding the same as with the passing time the situation is becoming serious.

However, PM May has ensured the leaders that the similar endeavor is in progress under the 2 custom models. She also emphasized on the futuristic trading systems that will make the transactions as seamless as possible. She has also taken a positive initiative to dissolve the negative vibes between Ireland and Northern Ireland. She has also allowed the UK to enable an independent policy.

Related Posts

America’s Waterways Faced With Micro-Plastic Pollution Due To Discarded Contact Lenses

America’s Waterways Faced With Micro-Plastic Pollution Due To Discarded Contact Lenses

An interesting study has revealed an unlikely source of environmental threat, which contributes heavily to micro-plastic pollution. There are around 45 million people every day who use…

“Friends” Top Show Streaming In UK

The popular US television show Friends has topped the charts as UK’s most viewed streaming series. It has surpassed the recent shows in its popularity. Friends had…

robot

The Ai-Enabled Robot By Redpepper Can Find Waldo With Few Seconds

  Redpepper, a creative agency that has built an AI-based robot with a capability of finding Waldo is just 4.45 seconds. The robot is equipped with a…

Everyday Plastics Are Degrading While Emitting Polluted Greenhouse Gases

Everyday Plastics Are Degrading While Emitting Polluted Greenhouse Gases

We all know the amount of plastic pollution that is happening around the globe and the harmful effects of the same as plastic do not easily decompose….

Smoking Ban In Public Houses By New York Housing Authority

Smoking Ban In Public Houses By New York Housing Authority

At least theoretically, we can say that New York City has become a smoke-free city. In the 1980s, the officials have ban cigarette smoking in various public…

In France And Germany, Soccer Reveals The Racist Hypocrisies Of Europe

In France And Germany, Soccer Reveals The Racist Hypocrisies Of Europe

After the World Cup, the national football teams of Germany and France are at the center of the renewed debate on national identity, race, and assimilation, highlighting…