George Soros is reportedly backing a campaign to stop Brexit

09 February 2018, 03:29 | Isaac Mcdaniel

Soros arrives to speak at the Open Russia Club in London Thomson Reuters

Soros arrives to speak at the Open Russia Club in London Britain

Japanese firms have spent billions of pounds in Britain over the past decades, encouraged to set up in the country by successive governments promising a business-friendly base from which to trade across the continent.

"What Japanese businesses in Europe most wish to avoid is the situation in which they are unable to discern clearly the way the Brexit negotiations are going, only grasping the whole picture at the last minute".

"We've been clear about the sort of deal that we want to secure and that we want trade which is as frictionless as possible", her spokesman told reporters.

"So it is as simple as that", he said.

"This is all high stakes that all of us, I think, need to keep in mind", the ambassador said, speaking outside No 10 following the meeting attended by Prime Minister Theresa May and International Trade Secretary Liam Fox.

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Major corporations have sought a two-year transition period, which they hope will ease Britain into its new relationship with the bloc.

They will be joined by some of Japan's biggest banks - Nomura, Mizuho and Sumitomo Mitsui Banking Corporation - all of which have a significant presence in the City of London.

"Business representatives. agreed on the importance of the time-limited [Brexit] implementation period in providing clarity and certainty for people and businesses", a spokesperson for May's office said.

Thursday's meeting came after a Brexit sub-committee of ministers discussed their Brexit strategy including how closely Britain should remain aligned with the EU and its customs union, a divisive issue for the ruling Conservatives.

David Davis has hit back at "discourteous" European Union plans to punish Britain during a Brexit transition period.



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