Theresa May: Britain open for business after ‘Brexit’

Given that a large chunk of Northern Ireland’s agricultural produce is exported and the cross-border nature of supply chains, the sector locally could be decimated if it faces these tariffs.

“It means stepping up to a new, active role that backs businesses and ensures more people in all corners of the country share in the benefits of its success”, May said.

She said: “Access to the single market is exactly what I was talking about yesterday in my speech”.

British Prime Minister Theresa May told business leaders, gathered at the World Economic Forum in Davos, Switzerland, that Britain would become a world leader in trade.

In a landmark speech on Tuesday, Prime Minster May laid out a vision of life outside the single market and customs union with a twelve point plan.

Taking a cue from soon to be President Donald Trump, British Prime Minister Theresa May put the economic and financial interests of Britons ahead of its relations with their fellow Europeans.

McFarlane said worldwide and British banks, insurers and asset managers were seeking a bespoke deal with Europe that would give “mutual recognition” to as many of their products and services as possible.

He said the size and the contribution made by the wine and spirit industry – which is worth some £50bn per annum to the United Kingdom economy – should not be ignored; and its influence with key trading partners should not be underestimated.

One of the more divisive issues however, according to the poll, was understanding what the exact trading relationships would be between Britain and the European Union following a “Hard Brexit”.

“The 4,000 was an estimate at the time, you know it could be more, it could be less, depending on negotiations”, Mr Dimon said.

He added that the government “understands, accepts and embraces” the bank’s position and what it needs from a future deal with the EU.

This included shifting investment, business and job creation as well as luring EU agencies now located in London – including the European Medicines Board and the European Banking Authority.

But there was little detail about how she would achieve this or fix the inequality and “politics of division and despair ” that is increasingly being blamed on globalization.

“She made clear that her priorities include maintaining the common travel area and avoiding a return to a hard border with Northern Ireland, both of which are welcome”, it said.

Mr Kenny will later deliver a speech to the heads of at least 45 global corporations at a dinner hosted by IDA Ireland.