United Kingdom company bosses tell senior minister they want political leadership

Hammond said there would have to be a “trade-off” between migration and access to the single market. “While I am not in any position to make promises, I assured everyone that my number one priority will be just that in the negotiations to come”, he told a news conference after the meeting.

“We have to have a calm approach, which is what we’ve seen since then”, he continued. Economists have already warned that Britain could tip into recession, hitting the stock prices of sectors such as housebuilders, holiday groups and airlines.

Among the two dozen business leaders attending will be the heads of the British Chambers of Commerce, CBI and the Federation of Small Businesses.

Speaking ahead of the event, Javid said that while he had wanted the United Kingdom to remain inside the European Union, he had a duty to execute instructions from the electorate.

Manufacturing body EEF said it will seek assurances from the government about securing access to the single market and protecting the UK’s trade relationships.

And he will urge business leaders to share concerns they are hearing from their investors, exporters and employers. “As some of these huge uncertainties at the moment begin to diminish, many of our members said they still have plans they want to go ahead with”, said Fairbairn.

Mobile phone maker Huawei has told the government that it is committed to deliver on it’s plans to invest £1.3bn in the UK.

The Business Secretary will chair the meeting of more than 20 representatives from the UK’s largest trade sectors, including aerospace, defence, automotive, oil and gas, steel, rail, tourism, food and drink.

Britain’s economic fundamentals are strong enough to weather any short-term market volatility, Business Secretary Sajid Javid said today as he appealed to United Kingdom businesses not to be “panicky” after the shock Brexit vote.

He also told company bosses that Britain’s access to the European Union single market may not take the same form as other non-EU countries.