We're going to make a success of it.

It was happening 202 nos to the left, 432 thin.

It was up in the air.

Now, with a conservative majority and withdrawal agreement finally passed in parliament, Brexit is steaming ahead to come out of the U Customs union.

But with two full starts for Brexit day last year and endless political turmoil, its perhaps little wonder that many companies are still unsure of what to prepare for.

Ever since the referendum, businesses have been begging for certainty about how Brexit will affect how they operate Well, how's this for clarification into these financial times?

Chancellor said.

By the end of the year, will no longer be in the customs union nor the single market.

Sergeant Javal told business leaders to end their campaign to stay aligned with bristles, telling them they had three years to prepare for this.

Uncompromising, in his message to the chancellor, went on to say There will not be alignment.

We will not be a rule taker.

But he conceded there will be an impact on business one way or the other.

Some will benefit some won't.

The British car industry, alongside aerospace, pharmaceuticals and food, relies on a fast moving supply chain across the U.

They have been pressuring the government to maintain no tariffs or time consuming paperwork at the border, something that Boris Johnson seemed to recognize while on the election trail just last month.

Deal we've got Ready to go is, as I say, that he does protect the supply chain, keeps intact.

It keeps, make sure we have completing equivalents when it comes to our standards are industrial.

In a sense, there's a slight tension there because if you have equivalents of standards that is acceptable to the European Union acceptable enough to give us access to the market, there has to be some form of you oversights and that the government won't accept.

As for the supply change the moment you're outside the customs union, then there is going to be friction.

And if we don't have you regulations, that friction is only gonna be worse.

So I think for the automotive industry, the farmer industry, the aerospace industry, they are going to face problems because their business models rely on just in time supply chain that will no longer function as they do now.

This election didn't just crush resistance to Brexit change conservative spending priorities no longer just a nod to their long promised regionalism but today a commitment to finance projects in those former labour strongholds.

On top of that, on ambitious pledge to double the country's economic growth rate.

Well, it's certainly very ambitious, some would say ambitious to the point of woman's being fantasy economics.

There are a whole host of reasons why he will struggle to get that kind of growth rate in this parliament.

Investment takes a long time to feed through into economic growth.

He's also got this Brexit uncertain to you because of the limits of 31st of December for that determining that new trade.

D'oh!

And then you've got all these problems occurring in the global economy.

So I think he's going to struggle for the 2.8%.

Even if he does get the growth rate up, they're still big issues to be settled for business today, deceive the I welcome the vision but warned against diverging from you regulation for the sake of it.

And although the U.

K's Vision post Brexit is now clearer there's two sides in a negotiation and that part hasn't even begun.

Well, I'm joined now by the chief executive of the Food and Drink Federation, Ian.

Right.

How's this going to affect your members?

Well, it depends how much friction there is in the system after the negotiation, and I think that's the key point, the chancellor said today or said in his interview, incidentally, conducted rather appropriately in a sandwich shop, that he was what he wanted us to move away from the EU, not to be a rule taker.

But he was very unclear on which regulations he wants to keep on how the whole process will work.

We think this could be a worked out and we also think that the ambitious free trade deal with the you and probably trade deals with other countries like America on Australia, which we welcome and look for.

We think that that can be a negotiation which ends with a relatively low friction process, and that's the test we set for the government.

If these negotiations to succeed for manufacturing industry, that has to be the minimum possible friction right, but doesn't mean the prices will rise if there is any friction in the system because that adds delays and more work.

Yeah, more friction equals more caustic, and that cost has to go somewhere on it.

Either goes to price or it goes to lower wages.

Or it goes to lower returns for investors or, more likely, all three.

There's nowhere else for it to go.

That's how we can.

The economics of the industry works Andi in food and drink, we're operating on margins of two and 3%.

So any increase in cost either from extra paperwork or Maur tech border checks or indeed from tariffs for some reason will make us une economic onda 1/5 of our product which goes to the you will be at risk so you could make it work.

Okay, we get Brexit done, but we will pay for it.

It'll cost us more that the Chancellor has sort of implied that you know, you have three years to work this out as if you could have been doing something about it.

What could you have been doing in those three years that you haven't done well since the Chancellor doesn't know which regulations will apply in which won't on since our colleagues in different Don't know on since we've added your corresponding, pointed out to full starts on a no deal Brexit and we still face the prospect may be remote off one on the 31st of December.

It's a little bit difficult to know what industry should have been doing.

One government itself didn't know what it was doing.

So you're still just waiting.

Basically, there's nothing more you can do now.

Even after this statement, you just gotta wait and see what happens.

No, we're in active discussions with the government and I've got very high hopes actually, of how this will work.

I'm in Optimist.

Our industries is very positive about the way we could move forward with government.

And I've got a lot of confidence in people like Michael Goave if they're doing the negotiation that they will deliver.

But as I said just now, the test will deliver is to deliver free trade.

Madam, when you say deliver, do you mean deliver something that doesn't involve higher prices or you're a high prices just inevitable now?

No, no.

I mean deliver something with the minimum possible friction.

It will be the amount of friction in the system checks, tests, paperwork delays which dictate with a prices rise or not in right, Thank you very much.