Nissan and other Japanese investors to meet with United Kingdom leader

Japanese ambassador warns Prime Minister of Brexit 'high stakes' after talks
Japan warns Theresa May its giant firms will quit UK if botched Brexit makes it 'unprofitable' to stay

09 February, 2018

Asked about Cabinet divisions over trade negotiations, Mr Tsuruoka said: "I am not under that impression coming out of today's meeting".

"Business representatives. agreed on the importance of the time-limited [Brexit] implementation period in providing clarity and certainty for people and businesses", a spokesperson for May's office said.

Billionaire investor George Soros has donated 400,000 pounds ($555,000) to a campaign for influencing British lawmakers to vote against a final Brexit deal, its director said Thursday amid accusations of a "plot to thwart Brexit".

"She said her starting point was to aim for something that hadn't been done before in order to come to a new relationship that will last a generation or more".

Turning up the heat as technical talks drew to a close, Mr Davis said he regarded the Brussels documents as "political", "unwise" and not in "good faith".

Both London and Brussels hope to agree a transition deal lasting until the end of 2020, in which Britain would remain in the single market and be bound by all European Union laws, by a March 22-23 summit.

Japan warned Prime Minister Theresa May on Thursday that its companies would have to leave Britain if trade barriers after Brexit made them unprofitable.

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Mrs May told the gathering Brexit was "no small undertaking" but presents an opportunity to "strike free trade deals around the world and build on our already strong relationship with Japan".

He was speaking in Downing Street after attending a meeting at Number 10 between the Prime Minister and the heads of businesses including household names such as Mitsubishi, Honda, Nissan and Panasonic, which employ thousands of workers across the country.

Meanwhile, senior MEP Roberto Gualtieri, who sits on the European Parliament's Brexit steering committee, told anxious Eurosceptics not to "overestimate" the possibility of having to follow EU laws drawn up without the UK's say during the transition.

According to the experts, no one believes in a transition by the end of 2020. The EU says it is ready to be "flexible" even though France and other EU governments are aware that they are opposed to half Brexit, fearing that the deal will become permanent and the transition will be longer.

"It is reasonable to doubt the correctness of the interpretation of Article 20 of the Treaty of the Functioning of the European Union that the loss of the status of citizen of an EU member state also leads to loss of EU citizenship", the court decision said.

Among the consequences outlined, United Kingdom finance companies would lose their "passporting rights" and "will no longer be allowed to provide services in the EU".

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