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May accepts Brexit challenges but points to opportunities

22 November 2016

Prime Minister Theresa May conceded on Monday that there would “certainly be challenges” for UK companies because of the referendum vote to leave the European Union but insisted Brexit also opened new opportunities. Brexit provides flexibility

Addressing the annual conference in the Confederation of British Industry (CBI) in London, Mrs May said leaving the EU would give the UK the flexibility to strike trade deals around the world. “I know that leaving the European Union creates uncertainty for business,” she told the conference of 1,000 business leaders. “I know that some are unsure about the road ahead or what your future operating environment will look like. “And there will certainly be challenges. A negotiation like the one on which we are about to embark cannot be done quickly or without give and take on both sides. “But there are opportunities too. Opportunities to get out into the world and do new business with old allies and new partners. “To use the freedoms that come from negotiating with partners directly to be flexible, to set our own rules and forge new and dynamic trading agreements that work for the whole UK. “I believe that if we approach the difficult negotiations to come in the right way and with the right spirit, we can strike a deal that is right for Britain and right for the rest of Europe too.

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