UK government to hold conference for business leaders on Brexit

LONDON, July 2 (Reuters) – Britain’s minister in charge of
exiting the European Union will host a conference for business
leaders on Friday as part of a government drive to give them a
bigger say in the process.

Prime Minister Theresa May’s government, which has come
under fire for not consulting widely enough over its Brexit
plans, said David Davis would host the conference in London.

“With negotiations underway, the Secretary of State for
Exiting the European union is determined to bolster the
government’s engagement with the business community on Brexit,”
a government source said on Sunday.

“That is why he recently announced an intention to
coordinate activity with the prime minister, chancellor and
business secretary to ensure we tap into the wealth of
specialist knowledge from businesses up and down the country.”

May’s authority has been weakened since she gambled on a
snap election to strengthen her hand in Brexit negotiations,
only for her Conservative Party to lose its outright majority in
parliament.

The European Central Bank and the Bank of England said on
Friday the Brexit plans of some banks were not good enough to
limit the risk from an abrupt cutting in cross-border financial
links.
(Reporting by Paul Sandle; Editing by Mark Potter)

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