Nissan and other Japanese investors to meet with United Kingdom leader

Theresa May's cabinet met yesterday over Brexit

"If there is no profitability of continuing operations in the United Kingdom - not Japanese only - then no private company can continue operations", Koji Tsuruoka told reporters on Downing Street when asked how real the threat was to Japanese companies of Britain not securing frictionless European Union trade.

Major corporations have sought a two-year transition period, which they hope will ease Britain into its new relationship with the bloc.

The planned time-limited period is created to provide certainty to businesses, but the Cabinet is also under intense pressure to agree a negotiating position on what will follow the transition.

"The point about frictionless trade and tariff-free trade was made in the meeting and acknowledged by the government and all sides as being important but nothing firm", said the source, who spoke on condition of anonymity.

"Her approach is to seek a deal that is bold, in the best interests of the United Kingdom and that will carry widespread support".

She is meeting for a second day with her key Brexit committee as they thrash out their negotiating strategy.

The Government wants a transition deal agreed at March's European Council summit.

An insider said people lived up to stereotypes
GETTYAn insider said people lived up to stereotypes in the cabinet meeting

Mr Davis said that the proposals to sanction Britain were "not in good faith" and the decision by Brussels to publish the proposals were "unwise".

Executives from the three vehicle makers will be joined by colleagues from banking and drug companies.

Koji Tsuruoka said Japanese firms "have a high stake" in the outcome of divorce negotiations between Britain and the EU.

Downing St. said that after Brexit, "the United Kingdom and Japan will work quickly to establish a new economic partnership" based on a free-trade deal the bloc is finalizing with Japan.

Bakels said in his ruling that "there has to be more clarity about the consequences of Brexit for European Union citizenship". The court has passed their queries on to the European Court of Justice.

The EU's highest court has been asked to rule on whether British nationals should be able to keep their EU citizenship after Brexit, in a major upset that could send negotiations between Brussels and the United Kingdom into chaos.

A series of European Commission documents warned companies what would happen in the event of a "no deal" Brexit.


Related:

Comments

Latest news

Online Sports Betting Market Growth
Benefits With the market high, sports betting is an activity that receives a high level of support from online betting companies. More betters are opting to forego the long lines at the cashier's counter and the unavailability of their favorite machines.

London’s Medical Startups Challenge Welcomes a New Judge, Max Polyakov
MBios is a joint project of Innovation House and the Ukrainian Medical Association of the United Kingdom (UMAUK). Such kind of challenges provides the participants with an opportunity to present their projects to the world.

Seattle to vacate misdemeanor marijuana convictions, cases
Holmes hasn't prosecuted them since taking office in 2010. "In Washington state, African Americans were arrested at 2.9 times the rate of whites".

PAY TO PLAY: FBI Informant CLAIMS Russians WIRED MONEY to INFLUENCE CLINTONS
Elijah Cummings (Md.), the top Democrat on the House Oversight and Government Reform Committee, and Rep. The contract detailed four $750,000 payments over a year's time.

Ottawa overhauls Environment Act, National Energy Board
But agencies like the NEB and Fisheries and Oceans will no longer have the authority to conduct environmental reviews. And there will be more money for public participation, including that of Indigenous groups.

Other news