JOBS will start to leave Britain within a few months if Brexit trade talks don’t get the green light next week, business bosses warned last night.
Lobbying group the CBI said more than half of companies were planning to kickstart their emergency plans by Easter unless negotiations move forwards.
Getty Images 2 City bosses are preparing to move jobs out of London
The warning came after David Davis compared the impact of Brexit to the financial crisis.
Although Britain will stay in the EU until March 2019, many firms are already preparing for Brexit because they must lay out financial plans at least a year in advance.
Theresa May is hoping to convince EU leaders to sign off on the start of trade negotiations at a summit next week, but her efforts have been delayed by a row over the Irish border.
CBI boss Paul Drechsler – a strong Remain supporter – said last night that with no breakthrough, companies will start to make “no turning back” decisions in the first quarter of 2018.
2 David Davis speaking to the Brexit select committee yesterday
He told City figures: “No company wants to move jobs or shift production – but business will if it has to. No-one wants to leave their homes or jobs – but EU citizens will if they feel they are no longer wanted.
“And we know that financial services firms start making their ‘no turning back’ decisions in the first quarter of 2018. There’s no time to waste. In the immediate term, business needs to know the details of any transition deal – Rome is burning on that issue.
“And we need progress at the EU Council next week or 60 per cent of firms with contingency plans will have put these into effect by Easter. That means jobs leaving the UK – in most cases irreversibly.”
Bank of England deputy governor Sam Woods said in October that a quick agreement on a transition deal was needed to stop financial firms pulling out of London.
Lloyd Blankfein, CEO of Goldman Sachs, has said his bank will expand in European cities such as Frankfurt if Britain can’t trade freely with the EU.
Theresa May’s allies urge her to delay holding Cabinet reshuffle to May after ending year on unexpected high
THERESA May’s allies are urging her to delay a government reshuffle to May after her surprise end to the year on a high. The Prime Minister has been widely expected to freshen up her ageing Cabinet…
THERESA May’s allies are urging her to delay a government reshuffle to May after her surprise end to the year on a high.
The Prime Minister has been widely expected to freshen up her ageing Cabinet with four or five new faces at the start of the New Year.
PA Theresa May’s allies are urging her to delay a Cabine reshuffle to May
She has also privately caved to backbench pressure to promote more younger Tory MP rising stars onto the frontbench for the first time.
But the unexpected upturn in the troubled PM’s fortunes by securing Phase Two of Brexit talks has lead to a rethink among some in No10.
Mrs May’s aides are split over whether to now carry out the reshuffle after the council elections in May instead, when a wipeout in the cities is feared.
Holding on another five months would also help keep ministers in line over the crucial internal deliberations until March over what exactly to ask the EU for in a Brexit trade deal.
PA Education Secretary Justine Greening, Northern Ireland Secretary James Brokenshire and Commons Leader Andrea Leadsom, pictured, are also said to be vulnerable
One close ally of Mrs May told The Sun: “A reshuffle is not a card any PM can play too often, so you should only do one when you really have to.
“They have a habit of creating more problems than they solve, so there is a growing feeling not to rock the boat now Theresa is looking more solid.
“We will also get an undoubted kicking at the locals in May, so we’ll need something to regain the initiative after them.”
Next year’s local elections on Thursday May 3 are largely being held only in the bigger towns and cities, including all 32 London boroughs.
PA The PM will decide on when to hold the second reshuffle of her reign as PM over the Christmas break
The Tories suffered heavy losses in the urban areas at the June general election and senior party figures fear a repeat drubbing, leaving the poll’s aftermath a moment of certain danger for Mrs May.
The PM will decide on when to hold the second reshuffle of her reign as PM over the Christmas break.
First Secretary Damian Green ongoing sexual harassment probe is also a key factor in her thinking, The Sun has been told.
Mrs May wants her de facto deputy’s precarious situation to be resolved first so she knows whether he needs to be replaced.
Former Coronation Street star Bruno Langley had sex with girl, 16, and asked her to read him erotic novel 50 Shades
CORRIE pervert Bruno Langley preyed on a 16-year-old girl before they had sex at her home. Langley, then 29, continued to pester the teen after she dumped him. She said of the star, who groped two …
CORRIE pervert Bruno Langley preyed on a 16-year-old girl before they had sex at her home.
Langley, then 29, continued to pester the teen after she dumped him.
Rex Features Ex-Coronation Street star Bruno Langley had a sexual relationship with a 16-year-old girl
She said of the star, who groped two clubbers: “He was creepy.”
Bruno Langley asked the 16-year-old girl to read him passages from 50 Shades of Grey on their first date.
She told how the actor, axed from Coronation Street for groping two women, joked about how young she looked on their first date.
Now 21, she recalled: “When he was buying the cinema tickets, the cashier said, ‘Two adults?’ And he laughed and said, ‘Well, not really’.”
Tony Spencer The girl, who wishes to remain anonymous, says she dumped the actor for being ‘creepy’
As he walked her home, the sleazy soap star spied the erotic novel 50 Shades in her handbag.
She said: “He then asked me to read it to him, which was so embarrassing and cringeworthy.”
She said Langley, who played Todd Grimshaw in the ITV soap, marched over to her at a party in July 2012 — just weeks after she left school.
The bar worker, who we are not naming, recalled: “He said, ‘Why isn’t my number in your phone?’ He was pretty famous, so I was taken aback he came over.
“And he seemed nice, even though he was a bit cocky. I think he fancied himself more than I did.”
PA:Press Association The actor, who has been axed from Coronation Street, has pleaded guilty to indecent assaults on two women while in a nightclub
They messaged and talked while she was on holiday, then began to see each other twice a week when she returned.
She said they had sex in her bedroom but she ended the relationship after six weeks as he was getting too clingy.
She recalled: “He was just a bit creepy. I went to a festival and he was texting me, asking to see me when I returned.
“But I said ‘no’ because I was so tired. I ended up falling asleep on the sofa and he turned up at my door. I thought that was completely desperate and quite strange.”
Tony Spencer The bar worker, now aged 21, began texting Bruno Langley after meeting him a party weeks after finishing school
She ordered him to leave then ignored all his messages but Langley got back in touch with her in January 2013.
By then she was seeing someone else, yet she said he continued to pester her at work, until just weeks before his arrest in September for sexual assault.
She said: “I found out from a friend about the charges and I wasn’t surprised.”
Langley, 34, of Altrincham, Gtr Manchester, pleaded guilty last month to indecent assaults on two women at a nightclub.
Bruno Langley leaves court after sentencing for sexual assault Rex Features Bruno Langley, 34, blamed his sex attacks on women on the stress of playing a gay character on Coronation Street
Magistrates heard he grabbed the crotch of one victim in front of her husband and also intimately touched another.
He was spared prison, instead receiving a 12-month community order while being ordered to sign the sex offenders register.
The dad of one issued a grovelling apology for the nightclub assaults and promised to get help for alcohol addiction.
He said: “It must have been awful for those women, and I’m ashamed of myself. I’m truly sorry.”
News Group Newspapers Ltd Bruno Langley was spared prison for indecently assaulting two women, but received a 12-month community order
But his former teen lover said last night: “I don’t think his apology will wash with anyone. He didn’t have a drinking problem when he was preying on me.”
She went on: “I was so young and naive. But I am now old enough to know the age gap was inappropriate.
“Hopefully this has been a wake up-call to him. The whole thing left me feeling really dirty.”
Diane Abbott claims Labour would make it easier for immigrants to come to Britain after Brexit
LABOUR would make it easier for immigrants to come to Britain after Brexit, Diane Abbott has pledged. The shadow home secretary vowed to slash red tape that can make it hard for new arrivals to get…
LABOUR would make it easier for immigrants to come to Britain after Brexit, Diane Abbott has pledged.
The shadow home secretary vowed to slash red tape that can make it hard for new arrivals to get into the country.
Getty Images – Getty The shadow home secretary vowed to make immigration to Britain easier under a Labour government
Her remarks risk infuriating Leave voters, many of who backed the UK’s EU exit to limit record levels of immigration.
Ms Abbott also said the number of newcomers to the UK from Europe may not fall at all under a Labour government.
Quizzed on whether the overall number should drop, she told BBC1’s Andrew Marr Show: “Both business and public services like health and education are saying we do indeed need these European migrants that are coming here.
“We have to listen to them.”
EPA Tory Immigration Minister Brandon Lewis said: ‘Today confirmed Labour’s approach to Brexit is a shambles’
Close Jeremy Corbyn ally Ms Abbott added: “Most people agree that we have to get rid of some of the bureaucracy around migration.
“That’s what we were referencing when we talked about easy movement – less bureaucracy.
“It’s good for migrants but it’s also good for business.”
Despite a fall since the EU referendum decision, net immigration to Britain is still running at 230,000 a year.
The most recent latest figure from the 12 months to the end of June is still more than double the Government’s annual target of less than 100,000.
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