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Department for Business, Energy and Industrial Strategy written question – answered on 31st July 2017.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

Her Majesty's Government what steps they are taking to preserve businesses' confidence as part of a transitional plan for Brexit.

Photo of Lord Prior of Brampton Lord Prior of Brampton Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

We need an economy that works for everyone and the Government is working to deliver a bold, long term Industrial Strategy that builds on our strengths and prepares us for the years ahead.

Government is engaged in extensive and diverse engagement with businesses of all sizes across the UK, having open and honest conversations about both the challenges that leaving the EU poses, but also the opportunities that will become open to us. As part of this, government is creating a new EU exit business advisory group to ensure business is not only heard but is influential throughout the negotiations.

We are also providing as much certainty and clarity as we can at every stage. For example the European Union (Withdrawal) Bill aims to maximise certainty for businesses by ensuring that the laws and rules that we have now will, wherever practicable, continue to apply once we have left the EU. This provides the basis for a smooth and orderly exit.

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