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UK's biggest business lobbies calling for urgent Brexit deal

Staff Writer |
Britain's five biggest business lobby groups are calling for an urgent Brexit transition deal, or they warn the UK risks losing jobs and investment.

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In a joint letter being sent to Brexit Secretary David Davis, the groups, including the Institute of Directors and CBI, will say time is running out.

According to the BBC the letter is still in draft form, but will be sent in the next day or two.

The other lobby groups backing the letter are the British Chambers of Commerce, the Federation of Small Businesses, and the EEF manufacturing body. Together they represent companies employing millions of workers.

There has been a growing anxiety among businesses at what they see as a lack of progress in the Brexit negotiations.

They say it is important that the Brexit transition period matches as closely as possible current trading arrangements with the EU.

Theresa May has suggested a period of about two years, with the UK and EU trading on broadly similar terms to now and payments to Brussels to meet Britain's budget commitments.

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