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The chancellor has told businesses there will not be alignment with EU rules after Brexit and urged them to "adjust" to the new reality.
Sajid Javid delivered a tough message to businesses, saying: "There will be an impact on business one way or the other; some will benefit, some won't."
In an interview with the Financial Times he also said that manufacturers seeking to stay in step with EU regulations would not receive support from the treasury.
Mr Javid told the newspaper: "There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union - and we will do this by the end of the year."
The chancellor aims to boost Britain's annual economic growth rate to 2.7%-2.8% after Britain leaves the EU - around twice its current underlying rate.
But Dame Carolyn Fairbairn, CBI Director-General, urged him not to take a hardline approach. She said: "There are areas where the UK can benefit from its future right to diverge from EU regulation. However we urge government not to treat this right as an obligation to diverge.
"For some firms, divergence brings value, but for many others, alignment supports jobs and competitiveness."
Shadow chancellor John McDonnell said: "Tory promises of frictionless trade post Brexit prior to the election have now been exposed as not being worth the paper they were written on.
"There are now real fears about food price increases and threats to jobs in the motor industry and manufacturing. This is right wing ideology overriding common sense."
Mr Javid's message comes as Boris Johnson promises to celebrate Brexit night on 31 January with light shows, Union Jack flags flying and a clock counting down to 11pm - but no Big Ben bongs.
The prime minister will make a special TV address to the nation, the cabinet will meet in the north of England and a commemorative Brexit coin will come into circulation the following day.
But to the dismay of Brexiteer Tory MPs, Downing Street has confirmed that the celebrations will not include the chiming of the Big Ben bell - currently out of service - inside Parliament's Elizabeth Tower.
Despite nearly half the £500,000 cost being donated after the PM called on the public to "bung a bob for a Big Ben bong", the House of Commons authorities have thwarted the crowdfunding campaign.
A Downing Street statement said: "31 January is a significant moment in our history as the United Kingdom leaves the EU and regains its independence.
"The government intends to use this as a moment to heal divisions, re-unite communities and look forward to the country that we want to build over the next decade.
"In the evening, the prime minister is expected to speak to the nation in a special address.
"No 10 is set to mark the hour itself with a light display in Downing Street, including a clock counting down to 11pm projected on to the black bricks of Downing Street. Buildings around Whitehall will also be lit up.
"In response to public calls, the Union Jack will be flown on all of the flag poles in Parliament Square.
"The commemorative Brexit coin will also come into circulation on the day we leave the EU. The prime minister is expected to be one of the first to receive the new coin on the day, which reads 'Peace, prosperity and friendship with all nations'."
The announcement came at the end of a week in which critics claimed the handling of the preparations by the government and the commons authorities had descended into a fiasco.
After the PM's "bung a bob" proposal in a TV interview on Tuesday, pro-Brexit MPs and campaigners launched an appeal to raise the £500,000 which Commons speaker Sir Lindsay Hoyle claimed the bongs would cost.
Government sources blamed the "intransigence" of the Commons authorities for the deadlock and some pro-Brexit ministers claimed the commission's block on the bongs was a "Remainer plot".
Millionaire Arron Banks and the Leave Means Leave group have donated £50,000 to the Big Ben crowdfunding campaign, which has now raised more than £240,000.
Brexit Party leader Nigel Farage hit out at the prime minister over his handling of the Big Ben issue and his response to the bongs campaign led by Brexiteer Tory MP Mark Francois.
"Boris Johnson has misled people into donating money into the Mark Francois initiative and I should think people are pretty angry about that," said Mr Farage.
Greg: How people only care about climate change if they're affected.
'Big Ben chiming would be provocative'
"And on a bigger level, why is it the government has no intention of marking or celebrating Brexit at all - when after all, this was the issue that won them the election and gave them a majority?
"And it seems to me they are embarrassed by Brexit and it makes me ask the question how much they really believe in it."
He said the lack of support for the Big Ben campaign was a very worrying sign, adding: "I can see us being mocked all over the world: 'Britain leaves the EU and they can't even get a clock to ring'."
The Brexit Party leader said he did not think ringing Big Ben would be seen as triumphalist, but as an "important symbol to mark a big moment in our history".
https://news.sky.com/story/pm-to-gi...hancellor-tells-businesses-to-adjust-11911290
Sajid Javid delivered a tough message to businesses, saying: "There will be an impact on business one way or the other; some will benefit, some won't."
In an interview with the Financial Times he also said that manufacturers seeking to stay in step with EU regulations would not receive support from the treasury.
Mr Javid told the newspaper: "There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union - and we will do this by the end of the year."
The chancellor aims to boost Britain's annual economic growth rate to 2.7%-2.8% after Britain leaves the EU - around twice its current underlying rate.
But Dame Carolyn Fairbairn, CBI Director-General, urged him not to take a hardline approach. She said: "There are areas where the UK can benefit from its future right to diverge from EU regulation. However we urge government not to treat this right as an obligation to diverge.
"For some firms, divergence brings value, but for many others, alignment supports jobs and competitiveness."
Shadow chancellor John McDonnell said: "Tory promises of frictionless trade post Brexit prior to the election have now been exposed as not being worth the paper they were written on.
"There are now real fears about food price increases and threats to jobs in the motor industry and manufacturing. This is right wing ideology overriding common sense."
Mr Javid's message comes as Boris Johnson promises to celebrate Brexit night on 31 January with light shows, Union Jack flags flying and a clock counting down to 11pm - but no Big Ben bongs.
The prime minister will make a special TV address to the nation, the cabinet will meet in the north of England and a commemorative Brexit coin will come into circulation the following day.
But to the dismay of Brexiteer Tory MPs, Downing Street has confirmed that the celebrations will not include the chiming of the Big Ben bell - currently out of service - inside Parliament's Elizabeth Tower.
Despite nearly half the £500,000 cost being donated after the PM called on the public to "bung a bob for a Big Ben bong", the House of Commons authorities have thwarted the crowdfunding campaign.
A Downing Street statement said: "31 January is a significant moment in our history as the United Kingdom leaves the EU and regains its independence.
"The government intends to use this as a moment to heal divisions, re-unite communities and look forward to the country that we want to build over the next decade.
"In the evening, the prime minister is expected to speak to the nation in a special address.
"No 10 is set to mark the hour itself with a light display in Downing Street, including a clock counting down to 11pm projected on to the black bricks of Downing Street. Buildings around Whitehall will also be lit up.
"In response to public calls, the Union Jack will be flown on all of the flag poles in Parliament Square.
"The commemorative Brexit coin will also come into circulation on the day we leave the EU. The prime minister is expected to be one of the first to receive the new coin on the day, which reads 'Peace, prosperity and friendship with all nations'."
The announcement came at the end of a week in which critics claimed the handling of the preparations by the government and the commons authorities had descended into a fiasco.
After the PM's "bung a bob" proposal in a TV interview on Tuesday, pro-Brexit MPs and campaigners launched an appeal to raise the £500,000 which Commons speaker Sir Lindsay Hoyle claimed the bongs would cost.
Government sources blamed the "intransigence" of the Commons authorities for the deadlock and some pro-Brexit ministers claimed the commission's block on the bongs was a "Remainer plot".
Millionaire Arron Banks and the Leave Means Leave group have donated £50,000 to the Big Ben crowdfunding campaign, which has now raised more than £240,000.
Brexit Party leader Nigel Farage hit out at the prime minister over his handling of the Big Ben issue and his response to the bongs campaign led by Brexiteer Tory MP Mark Francois.
"Boris Johnson has misled people into donating money into the Mark Francois initiative and I should think people are pretty angry about that," said Mr Farage.
Greg: How people only care about climate change if they're affected.
'Big Ben chiming would be provocative'
"And on a bigger level, why is it the government has no intention of marking or celebrating Brexit at all - when after all, this was the issue that won them the election and gave them a majority?
"And it seems to me they are embarrassed by Brexit and it makes me ask the question how much they really believe in it."
He said the lack of support for the Big Ben campaign was a very worrying sign, adding: "I can see us being mocked all over the world: 'Britain leaves the EU and they can't even get a clock to ring'."
The Brexit Party leader said he did not think ringing Big Ben would be seen as triumphalist, but as an "important symbol to mark a big moment in our history".
https://news.sky.com/story/pm-to-gi...hancellor-tells-businesses-to-adjust-11911290
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