Sajid Javid

The Chancellor has of it, and manufacturer-warned That it is "outlet orientation" with the EU after the UK's EU and insists That the company must "adapt" to the new rules

Sajid Javid added, not all companies Escape would benefit.

The Food and Drink Federation said it sounded like the "death knell" for the smooth flow of trade with the EU and was likely to cause food prices to rise.

Mr Javid declined to specify to which EU rules he wanted.

The automotive, food and beverage and pharmaceutical industry, the way of the relevant EU rules would be, all in the last year, harmful.

But Mr Javid other told the newspaper: "It will affect companies One Way or The Other , some will benefit. "

He said Japan's Auto industry was an example of a manufacturing sector, The Rules without success, according to the EU.

Asked how different rules between the UK and the EU in sectors such as automotive, pharmaceutical, can have an impact, he said: "We are also talking about the company That we are leaving already for 2016, the EU.

"Admittedly, she knew the exact conditions. "

Tim Rycroft, chief operating officer of the Food and Drink Federation, told BBC Radio 4 's Today programme That "it sounds terrible as the death knell for the concept of smooth trading with the EU".

He said it probably meant That food prices would increase if the transition period ends at the end of this year.

Mr. Rycroft has confirmed That some of The Other industries, The Rules could benefit from UK-specific trade. But he said: "We also need to ensure That the government clearly understands what the consequences will be for the industry like ours, if you go ahead and change our terms and conditions. "

The Confederation of British industry (CBI) said it welcomed the Chancellor the "ambitious" vision, but said the government should not feel it has rules, a "commitment" to depart from the EU.

Carolyn Fairbairn , CBI Director-General, said That for many companies, especially in some of The Most disadvantaged regions of the United Kingdom", where the same rules would assist in maintain jobs and competitiveness.

The Society of Motor Manufacturers and Traders, said the automotive industry in the UK and the EU to be integrated as "clearly" and his priority was to avoid expensive tariffs, and other "behind The Border " barriers,"".

he said It was vital to "early sight", the judge of the plans of the government, so the companies might be your effects.

The government has not yet allocated to a future trade relationship with the EU is wrong - there are plans to do this, which begins, after the UK leaves the Block, the 31. January.

During the transitional period, the UK more EU follow rules and contribute to its budget.

The Chancellor also said he wanted to double the UK's annual Economic Growth of between 2 7 and 2. 8%.

But, the outgoing Governor of The Bank of England , Mark Carney , last week, he said That the UK trend growth was much lower, between 1 and 1. 5%.

Mr Javid said the additional growth would come from the spending on skills and infrastructure in The Midlands and the North of England - even if they do not offer as much "bang for the buck" than projects in other parts of the country.

the Historically low interest rates, which allow the government to borrow money, relatively inexpensive, were "almost a signal to me of the Market , from investors - That is the to do Bar, use it, something productive," Mr Javid said.

He promised to rewrite the so far in favour of public investment in places with high Economic Growth and high productivity.

Mr Javid said The Rules had helped to "entrench" inequality and the stock of the weaker parts of the country, the First Call on the New Money .

In November, a weaker world economy and the new assumptions about Brexit 1% off UK growth over the next three years compared with the previous August forecast would be knocking.

Source of news: bbc.com